Hallador Energy (NASDAQ:HNRG) Short Interest Up 14.2% in November

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

Insider Activity

In other Hallador Energy news, Director David C. Hardie sold 14,893 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $13.02, for a total transaction of $193,906.86. Following the completion of the sale, the director now directly owns 2,091,926 shares in the company, valued at $27,236,876.52. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles Ray Iv Wesley purchased 25,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $149,250.00. Following the completion of the transaction, the director now owns 184,302 shares in the company, valued at approximately $1,100,282.94. This trade represents a 15.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 83,196 shares of company stock worth $1,079,078 in the last ninety days. Corporate insiders own 32.30% of the company’s stock.

Institutional Trading of Hallador Energy

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

Analyst Upgrades and Downgrades

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

Hallador Energy Price Performance

Shares of HNRG stock traded down $0.07 on Tuesday, reaching $11.99. The company had a trading volume of 68,225 shares, compared to its average volume of 481,272. The company has a 50-day moving average of $10.66 and a 200-day moving average of $8.40. 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 has a 12 month low of $4.33 and a 12 month high of $14.00.

Hallador Energy (NASDAQ:HNRG) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.14. The business had revenue of $105.04 million during the quarter, compared to analyst estimates of $117.10 million. Hallador Energy had a negative return on equity of 6.71% and a negative net margin of 4.85%. During the same period in the previous year, the firm earned $0.47 EPS. As a group, equities research analysts expect that Hallador Energy will post -0.31 earnings per share for the current fiscal year.

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.