Hallador Energy (NASDAQ:HNRG) Sees Significant Drop in Short Interest

Hallador Energy (NASDAQ:HNRG - Get Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, a decline of 11.0% from the January 15th total of 1,820,000 shares. Based on an average trading volume of 517,300 shares, the days-to-cover ratio is currently 3.1 days. Approximately 5.8% of the company's shares are sold short.

Hallador Energy Stock Down 10.4 %

Shares of Hallador Energy stock traded down $1.27 during trading on Friday, reaching $10.99. 739,737 shares of the company traded hands, compared to its average volume of 462,122. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. Hallador Energy has a 1-year low of $4.33 and a 1-year high of $14.00. The company has a 50 day moving average price of $11.53 and a 200-day moving average price of $9.98. The firm has a market capitalization of $468.39 million, a PE ratio of -19.98 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. B. Riley lifted their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Alliance Global Partners began coverage on Hallador Energy in a report on Monday, December 9th. They set a "buy" rating and a $17.00 price target for the company.

Insider Buying and Selling

In related news, Director David C. Hardie sold 18,775 shares of Hallador Energy stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the transaction, the director now directly owns 2,022,713 shares of the company's stock, valued at $26,335,723.26. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Hallador Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Nebula Research & Development LLC grew its stake in Hallador Energy by 3.0% in the fourth quarter. Nebula Research & Development LLC now owns 31,176 shares of the energy company's stock valued at $357,000 after acquiring an additional 906 shares during the period. Rhumbline Advisers grew its stake in Hallador Energy by 3.0% in the fourth quarter. Rhumbline Advisers now owns 36,672 shares of the energy company's stock valued at $420,000 after acquiring an additional 1,068 shares during the period. Legal & General Group Plc raised its holdings in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company's stock worth $86,000 after acquiring an additional 1,435 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Hallador Energy by 17.0% in the 4th quarter. Quantinno Capital Management LP now owns 11,915 shares of the energy company's stock worth $136,000 after acquiring an additional 1,729 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Hallador Energy by 15.4% in the 4th quarter. MetLife Investment Management LLC now owns 14,894 shares of the energy company's stock worth $171,000 after acquiring an additional 1,990 shares during the last quarter. Institutional investors and hedge funds own 61.38% of the company's stock.

Hallador Energy Company Profile

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.