Prairie Operating Co. (NASDAQ:PROP) Short Interest Update

Prairie Operating Co. (NASDAQ:PROP) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 255,800 shares, a growth of 25.8% from the August 31st total of 203,400 shares. Based on an average trading volume of 77,700 shares, the days-to-cover ratio is currently 3.3 days. Approximately 6.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Prairie Operating

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PROP. Rhumbline Advisers acquired a new stake in Prairie Operating during the second quarter worth approximately $45,000. Warberg Asset Management LLC purchased a new position in shares of Prairie Operating in the 2nd quarter valued at $127,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prairie Operating during the 2nd quarter worth $208,000. 34.28% of the stock is owned by institutional investors and hedge funds.

Prairie Operating Price Performance

Shares of Prairie Operating stock traded up $0.56 during trading on Friday, hitting $8.76. 70,494 shares of the stock were exchanged, compared to its average volume of 77,506. The firm’s 50-day moving average price is $9.09 and its 200 day moving average price is $10.89. Prairie Operating has a 12-month low of $0.33 and a 12-month high of $18.50.

Prairie Operating (NASDAQ:PROP) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.38). Equities analysts expect that Prairie Operating will post 0.55 EPS for the current fiscal year.

About Prairie Operating

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.