PHX Minerals Inc. (NYSE:PHX) Short Interest Up 47.1% in January

PHX Minerals Inc. (NYSE:PHX) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 152,500 shares, an increase of 47.1% from the January 15th total of 103,700 shares. Based on an average daily trading volume, of 87,400 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the shares of the stock are short sold.

PHX Minerals Stock Down 1.3 %

PHX Minerals stock traded down $0.06 during mid-day trading on Friday, hitting $4.12. The company’s stock had a trading volume of 44,636 shares, compared to its average volume of 104,974. The firm’s 50 day moving average is $3.95 and its 200 day moving average is $3.65. The company has a market cap of $154.23 million, a PE ratio of 31.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $4.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PHX. Truffle Hound Capital LLC bought a new position in shares of PHX Minerals in the 4th quarter valued at approximately $1,160,000. Dimensional Fund Advisors LP boosted its stake in PHX Minerals by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock valued at $7,256,000 after buying an additional 86,053 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in PHX Minerals in the 4th quarter valued at $211,000. Jane Street Group LLC acquired a new stake in PHX Minerals in the 4th quarter valued at $181,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in PHX Minerals in the 4th quarter valued at $146,000. 38.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on PHX Minerals in a report on Friday. They issued a “hold” rating for the company.

About PHX Minerals

PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.