Tamboran Resources Corp (NYSE:TBN) Short Interest Update

Tamboran Resources Corp (NYSE:TBN - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 39,000 shares, a decrease of 14.7% from the November 30th total of 45,700 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 2.5 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Tamboran Resources

Several large investors have recently modified their holdings of the stock. Atom Investors LP purchased a new position in shares of Tamboran Resources during the 3rd quarter worth about $351,000. Ingalls & Snyder LLC purchased a new stake in Tamboran Resources in the 3rd quarter worth about $1,287,000. The Manufacturers Life Insurance Company bought a new stake in Tamboran Resources in the third quarter worth about $1,930,000. Yaupon Capital Management LP boosted its position in shares of Tamboran Resources by 7.2% during the third quarter. Yaupon Capital Management LP now owns 139,355 shares of the company's stock valued at $2,832,000 after buying an additional 9,355 shares during the period. Finally, Edge Capital Group LLC bought a new position in shares of Tamboran Resources during the second quarter valued at approximately $4,687,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $41.00 target price on shares of Tamboran Resources in a report on Monday, December 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $31.00 price objective on shares of Tamboran Resources in a research report on Tuesday, November 19th.

Tamboran Resources Trading Up 0.8 %

NYSE TBN traded up $0.14 during trading hours on Friday, hitting $18.73. 9,670 shares of the company were exchanged, compared to its average volume of 38,908. Tamboran Resources has a 52 week low of $15.75 and a 52 week high of $25.99. The stock has a 50-day moving average price of $18.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.59 and a quick ratio of 2.59.

About Tamboran Resources

Tamboran Resources Corporation, a natural gas company, focuses on developing unconventional gas resources in the northern territory of Australia. Its assets include a 25% non-operated working interest in EP 161; a 38.75% working interest in EPs 76, 98, and 117; and a 100% working interest in EPs 136 and 143, as well as EP (A) 197, located in the Betaloo Basin.