Short Interest in Hallador Energy (NASDAQ:HNRG) Rises By 16.2%

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

Hallador Energy Trading Up 9.0 %

HNRG stock opened at $7.77 on Monday. The company has a market cap of $287.70 million, a price-to-earnings ratio of 13.17 and a beta of 0.66. The company has a quick ratio of 0.14, a current ratio of 0.57 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $7.19. Hallador Energy has a 52 week low of $4.33 and a 52 week high of $15.79.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hallador Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in shares of Hallador Energy by 1,671.4% in the third quarter. Invesco Ltd. now owns 857,655 shares of the energy company’s stock valued at $12,367,000 after acquiring an additional 809,238 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Hallador Energy by 1,822.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 221,050 shares of the energy company’s stock valued at $1,954,000 after purchasing an additional 209,550 shares in the last quarter. Jump Financial LLC acquired a new position in Hallador Energy in the 4th quarter valued at $594,000. BNP Paribas Financial Markets grew its position in Hallador Energy by 264.1% in the 4th quarter. BNP Paribas Financial Markets now owns 76,823 shares of the energy company’s stock worth $679,000 after purchasing an additional 55,724 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Hallador Energy in the 4th quarter worth $427,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

About Hallador Energy

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.