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

PHX Minerals Inc. (NYSE:PHX) saw 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. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 87,400 shares, the days-to-cover ratio is currently 1.7 days.

PHX Minerals Stock Down 1.3 %

Shares of PHX stock opened at $4.12 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.20. The stock has a market cap of $154.23 million, a P/E ratio of 31.66 and a beta of 0.54. The company has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on PHX Minerals in a research note on Friday. They set a “hold” rating for the company.

Institutional Investors Weigh In On PHX Minerals

A number of hedge funds have recently modified their holdings of the business. Barclays PLC purchased a new position in PHX Minerals during the third quarter valued at $37,000. Geode Capital Management LLC lifted its position in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 32,406 shares in the last quarter. Empowered Funds LLC grew its stake in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after acquiring an additional 6,566 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals in the 3rd quarter worth approximately $44,000. Finally, James Investment Research Inc. raised its stake in PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 4,500 shares during the period. Institutional investors own 38.19% of the company’s stock.

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.