Prairie Operating Co. (NASDAQ:PROP) Sees Significant Increase in Short Interest

Prairie Operating Co. (NASDAQ:PROP) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, an increase of 141.2% from the January 31st total of 708,900 shares. Based on an average daily volume of 290,100 shares, the days-to-cover ratio is currently 5.9 days. Currently, 31.0% of the shares of the stock are sold short.

Prairie Operating Stock Up 2.5 %

Shares of PROP stock traded up $0.18 on Friday, reaching $7.24. The company’s stock had a trading volume of 256,828 shares, compared to its average volume of 404,185. Prairie Operating has a 12-month low of $4.91 and a 12-month high of $16.08. The stock’s 50 day simple moving average is $7.78 and its 200-day simple moving average is $8.34. The company has a market capitalization of $190.04 million, a P/E ratio of -2.41 and a beta of 1.94.

Institutional Trading of Prairie Operating

A number of large investors have recently modified their holdings of PROP. Wells Fargo & Company MN raised its stake in Prairie Operating by 128.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,376 shares of the company’s stock valued at $30,000 after purchasing an additional 2,457 shares in the last quarter. Barclays PLC raised its position in shares of Prairie Operating by 321.7% during the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $52,000 after buying an additional 4,574 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Prairie Operating by 163.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock worth $61,000 after acquiring an additional 4,321 shares during the last quarter. Navigation Wealth Management Inc. purchased a new position in Prairie Operating in the fourth quarter worth $83,000. Finally, Nuveen Asset Management LLC bought a new position in Prairie Operating in the fourth quarter valued at $97,000. Institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.