Short Interest in PHX Minerals Inc. (NYSE:PHX) Grows By 47.1%

PHX Minerals Inc. (NYSE:PHX - Get Free Report) was the target of a large 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. Based on an average trading volume of 87,400 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on PHX Minerals in a report on Friday, February 14th. They set a "hold" rating on the stock.

PHX Minerals Stock Up 1.1 %

PHX Minerals stock traded up $0.05 during trading hours on Wednesday, hitting $4.15. The stock had a trading volume of 117,027 shares, compared to its average volume of 95,416. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $4.20. The stock's 50-day moving average price is $3.96 and its 200-day moving average price is $3.67. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $155.35 million, a P/E ratio of 31.89 and a beta of 0.54.

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new stake in PHX Minerals during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals during the third quarter valued at approximately $44,000. James Investment Research Inc. lifted its stake in shares of 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 purchasing an additional 4,500 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of PHX Minerals in the 4th quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in PHX Minerals in the fourth quarter worth $106,000. 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.