Prairie Operating Co. (NASDAQ:PROP) Short Interest Up 141.2% in February

Prairie Operating Co. (NASDAQ:PROP) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, a growth of 141.2% from the January 31st total of 708,900 shares. Approximately 31.0% of the company’s shares are sold short. Based on an average daily volume of 290,100 shares, the days-to-cover ratio is currently 5.9 days.

Prairie Operating Price Performance

Shares of PROP stock opened at $7.24 on Monday. The firm has a market cap of $190.04 million, a PE ratio of -2.41 and a beta of 1.94. The company has a 50-day moving average of $7.78 and a two-hundred day moving average of $8.34. Prairie Operating has a 1-year low of $4.91 and a 1-year high of $16.08.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PROP. Wells Fargo & Company MN boosted its stake in shares of Prairie Operating by 128.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,376 shares of the company’s stock valued at $30,000 after purchasing an additional 2,457 shares during the period. Barclays PLC boosted its stake in shares of Prairie Operating by 321.7% in the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $52,000 after purchasing an additional 4,574 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Prairie Operating by 163.4% in the third quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock valued at $61,000 after purchasing an additional 4,321 shares during the period. Navigation Wealth Management Inc. purchased a new position in shares of Prairie Operating in the fourth quarter valued at approximately $83,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Prairie Operating in the fourth quarter valued at approximately $97,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

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.