Prairie Operating Co. (NASDAQ:PROP - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, an increase of 141.2% from the January 31st total of 708,900 shares. Approximately 31.0% of the shares of the company are sold short. Based on an average daily volume of 290,100 shares, the short-interest ratio is presently 5.9 days.
Prairie Operating Trading Up 3.2 %
NASDAQ:PROP traded up $0.22 during trading hours on Wednesday, reaching $7.20. The company had a trading volume of 120,391 shares, compared to its average volume of 392,407. The firm has a market cap of $188.99 million, a price-to-earnings ratio of -2.40 and a beta of 1.94. The firm's 50 day moving average price is $7.78 and its 200-day moving average price is $8.30. Prairie Operating has a 52 week low of $4.91 and a 52 week high of $16.08.
Institutional Trading of Prairie Operating
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 2,457 shares during the period. Barclays PLC lifted its stake in shares of Prairie Operating by 321.7% in the 3rd 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 period. JPMorgan Chase & Co. boosted its holdings 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 worth $61,000 after buying an additional 4,321 shares during the last quarter. Navigation Wealth Management Inc. bought a new stake in Prairie Operating during the fourth quarter valued at approximately $83,000. Finally, Nuveen Asset Management LLC bought a new stake in Prairie Operating during the fourth quarter valued at approximately $97,000. Institutional investors own 34.28% of the company's stock.
About Prairie Operating
(
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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.
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