Hallador Energy (NASDAQ:HNRG) Sees Significant Growth in Short Interest

Hallador Energy (NASDAQ:HNRG) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,530,000 shares, a growth of 14.2% from the October 31st total of 1,340,000 shares. Based on an average trading volume of 541,400 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.4% of the company’s shares are sold short.

Insider Activity

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 25,000 shares of Hallador Energy stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $5.97 per share, with a total value of $149,250.00. Following the completion of the purchase, the director now owns 184,302 shares in the company, valued at $1,100,282.94. The trade was a 15.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Hardie sold 23,604 shares of Hallador Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of $13.11, for a total value of $309,448.44. Following the sale, the director now directly owns 2,106,819 shares of the company’s stock, valued at approximately $27,620,397.09. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,196 shares of company stock valued at $1,079,078 over the last 90 days. 32.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hallador Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of Hallador Energy by 154.4% in the 3rd quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after buying an additional 4,993 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Hallador Energy during the second quarter worth $78,000. Quantinno Capital Management LP acquired a new position in shares of Hallador Energy in the third quarter valued at $96,000. Exchange Traded Concepts LLC raised its position in shares of Hallador Energy by 66.4% in the third quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock valued at $98,000 after purchasing an additional 4,132 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Hallador Energy during the 3rd quarter worth about $100,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Hallador Energy Trading Up 0.4 %

Shares of HNRG traded up $0.05 during midday trading on Tuesday, hitting $12.11. The stock had a trading volume of 284,506 shares, compared to its average volume of 482,260. The company has a 50 day simple moving average of $10.66 and a two-hundred day simple moving average of $8.40. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.14. The company had revenue of $105.04 million during the quarter, compared to analysts’ expectations of $117.10 million. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. During the same period last year, the business earned $0.47 EPS. Analysts anticipate that Hallador Energy will post -0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HNRG. StockNews.com downgraded Hallador Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 18th. B. Riley increased their target price on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

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.