Prairie Operating Co. (NASDAQ:PROP) Short Interest Up 72.9% in March

Prairie Operating Co. (NASDAQ:PROP - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,490,000 shares, a growth of 72.9% from the March 15th total of 1,440,000 shares. Currently, 23.4% of the shares of the stock are short sold. Based on an average trading volume of 534,700 shares, the short-interest ratio is presently 4.7 days.

Institutional Trading of Prairie Operating

Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in Prairie Operating by 128.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,376 shares of the company's stock worth $30,000 after purchasing an additional 2,457 shares during the period. Barclays PLC raised 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 worth $52,000 after purchasing an additional 4,574 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Prairie Operating by 163.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company's stock valued at $61,000 after acquiring an additional 4,321 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Prairie Operating during the first quarter valued at about $42,000. Finally, Navigation Wealth Management Inc. purchased a new position in shares of Prairie Operating in the 4th quarter worth approximately $83,000. 34.28% of the stock is currently owned by institutional investors.

Prairie Operating Stock Down 3.5 %

Shares of PROP stock traded down $0.14 during trading hours on Tuesday, hitting $3.89. 368,440 shares of the company's stock traded hands, compared to its average volume of 213,981. Prairie Operating has a 12 month low of $3.35 and a 12 month high of $15.68. The stock has a market cap of $104.48 million, a PE ratio of -1.30 and a beta of 2.03. The stock's 50 day simple moving average is $5.88 and its 200 day simple moving average is $7.33.

Prairie Operating Company Profile

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.