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

Hallador Energy (NASDAQ:HNRG) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,840,000 shares, a growth of 17.9% from the February 13th total of 1,560,000 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average trading volume of 432,200 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds Weigh In On Hallador Energy

A number of hedge funds have recently bought and sold shares of HNRG. Legal & General Group Plc increased its holdings in Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after buying an additional 1,435 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Hallador Energy during the 3rd quarter valued at approximately $96,000. XTX Topco Ltd bought a new stake in shares of Hallador Energy during the 4th quarter valued at approximately $121,000. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy during the 3rd quarter valued at approximately $119,000. Finally, Intech Investment Management LLC bought a new stake in shares of Hallador Energy during the 4th quarter valued at approximately $156,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG traded up $0.01 during mid-day trading on Wednesday, reaching $11.96. 362,031 shares of the company were exchanged, compared to its average volume of 508,887. The company’s 50-day simple moving average is $10.98 and its 200-day simple moving average is $10.51. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $509.61 million, a P/E ratio of -21.81 and a beta of 0.55. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Monday, March 17th. The energy company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The business had revenue of $94.80 million for the quarter, compared to analyst estimates of $102.46 million. As a group, research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Hallador Energy in a research report on Monday, December 9th. They set a “buy” rating and a $17.00 price objective for the company.

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.