PHX Minerals Inc. (NYSE:PHX) Short Interest Up 43.0% in March

PHX Minerals Inc. (NYSE:PHX) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 175,300 shares, a growth of 43.0% from the February 28th total of 122,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 83,700 shares, the days-to-cover ratio is currently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on PHX Minerals in a research report on Wednesday, March 26th. They set a “hold” rating on the stock.

PHX Minerals Price Performance

NYSE PHX traded down $0.05 during trading hours on Monday, reaching $3.95. The company’s stock had a trading volume of 46,499 shares, compared to its average volume of 58,998. PHX Minerals has a fifty-two week low of $3.09 and a fifty-two week high of $4.24. The stock has a market cap of $149.94 million, a PE ratio of 30.42 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The company’s 50-day moving average is $3.98 and its two-hundred day moving average is $3.79.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.05%. PHX Minerals’s dividend payout ratio (DPR) is 266.67%.

Institutional Trading of PHX Minerals

A number of large investors have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in shares of PHX Minerals during the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals during the third quarter worth approximately $44,000. Total Wealth Planning & Management Inc. purchased a new stake in PHX Minerals in the 4th quarter worth approximately $72,000. Balyasny Asset Management L.P. acquired a new position in PHX Minerals in the 4th quarter valued at $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of PHX Minerals during the 4th quarter worth $106,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Company Profile

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.