Hallador Energy (NASDAQ:HNRG) Sees Large Increase in Short Interest

Hallador Energy (NASDAQ:HNRG) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 974,800 shares, a growth of 16.2% from the May 31st total of 838,600 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 497,700 shares, the short-interest ratio is presently 2.0 days.

Hallador Energy Stock Down 3.3 %

Shares of Hallador Energy stock opened at $7.98 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.14 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $6.88 and its 200-day simple moving average is $7.16. The stock has a market capitalization of $295.50 million, a price-to-earnings ratio of 13.53 and a beta of 0.66. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $15.79.

Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Monday, May 6th. The energy company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.15. The business had revenue of $109.67 million for the quarter, compared to analysts’ expectations of $122.40 million. Hallador Energy had a return on equity of 8.49% and a net margin of 3.79%. Equities research analysts forecast that Hallador Energy will post 0.36 earnings per share for the current year.

Institutional Trading of Hallador Energy

A number of institutional investors and hedge funds have recently made changes to their positions in HNRG. Tower Research Capital LLC TRC increased its position in Hallador Energy by 1,457.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,473 shares of the energy company’s stock valued at $75,000 after acquiring an additional 7,929 shares during the period. Norden Group LLC acquired a new stake in Hallador Energy in the 1st quarter valued at approximately $55,000. Victory Capital Management Inc. acquired a new stake in Hallador Energy in the 4th quarter valued at approximately $99,000. B. Riley Wealth Advisors Inc. acquired a new stake in Hallador Energy in the 3rd quarter valued at approximately $166,000. Finally, Privium Fund Management UK Ltd bought a new position in Hallador Energy during the 1st quarter valued at $64,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hallador Energy Company Profile

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.