PHX Minerals Inc. (NYSE:PHX) Short Interest Update

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

PHX Minerals Stock Down 1.3 %

PHX traded down $0.06 during trading on Friday, reaching $4.12. The company had a trading volume of 44,636 shares, compared to its average volume of 104,974. The business’s fifty day moving average price is $3.95 and its 200 day moving average price is $3.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market cap of $154.23 million, a P/E ratio of 31.66 and a beta of 0.54. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.20.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of PHX Minerals in a report on Friday. They set a “hold” rating for the company.

Hedge Funds Weigh In On PHX Minerals

Several large investors have recently bought and sold shares of PHX. James Investment Research Inc. grew its holdings in shares of PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 4,500 shares in the last quarter. Empowered Funds LLC grew its stake in shares of PHX Minerals by 5.4% in the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after acquiring an additional 6,566 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the third quarter valued at $44,000. Barclays PLC bought a new position in PHX Minerals in the third quarter valued at about $37,000. Finally, Geode Capital Management LLC raised its stake in shares of PHX Minerals by 12.0% in the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 32,406 shares during the period. 38.19% of the stock is currently owned by institutional investors.

PHX Minerals Company Profile

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.