Short Interest in Hallador Energy (NASDAQ:HNRG) Grows By 5.4%

Hallador Energy (NASDAQ:HNRGGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 838,600 shares, an increase of 5.4% from the May 15th total of 795,900 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 518,400 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on HNRG shares. StockNews.com upgraded Hallador Energy from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. TheStreet downgraded Hallador Energy from a “b-” rating to a “c” rating in a research report on Wednesday, March 20th. Finally, B. Riley raised Hallador Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $8.00 to $9.00 in a research report on Thursday, May 30th.

View Our Latest Stock Report on Hallador Energy

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Norden Group LLC acquired a new position in Hallador Energy during the first quarter worth $55,000. Privium Fund Management UK Ltd acquired a new position in Hallador Energy during the first quarter worth $64,000. Principal Financial Group Inc. acquired a new position in Hallador Energy during the first quarter worth $71,000. Tower Research Capital LLC TRC boosted its stake in Hallador Energy by 1,457.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,473 shares of the energy company’s stock worth $75,000 after buying an additional 7,929 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Hallador Energy during the fourth quarter worth $99,000. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

Hallador Energy Stock Up 2.5 %

HNRG stock traded up $0.19 during trading on Wednesday, reaching $7.55. 604,169 shares of the company traded hands, compared to its average volume of 698,800. Hallador Energy has a 12 month low of $4.33 and a 12 month high of $15.79. The business has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $7.42. The company has a market capitalization of $279.39 million, a price-to-earnings ratio of 12.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.57.

Hallador Energy (NASDAQ:HNRGGet Free Report) last released its earnings results on Monday, May 6th. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.15. Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. The firm had revenue of $109.67 million during the quarter, compared to the consensus estimate of $122.40 million. On average, equities research analysts anticipate that Hallador Energy will post 0.36 earnings per share for the current fiscal year.

About Hallador Energy

(Get Free Report)

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.

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