Dorchester Minerals, L.P. (NASDAQ:DMLP) Sees Significant Growth in Short Interest

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 395,900 shares, an increase of 5.2% from the December 15th total of 376,300 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 107,700 shares, the days-to-cover ratio is presently 3.7 days.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP traded down $0.51 during trading on Monday, reaching $33.11. The stock had a trading volume of 251,464 shares, compared to its average volume of 113,549. Dorchester Minerals has a 52 week low of $28.41 and a 52 week high of $35.74. The business’s 50-day moving average price is $33.31 and its 200 day moving average price is $31.87. The stock has a market capitalization of $1.57 billion, a PE ratio of 11.91 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The company had revenue of $53.47 million during the quarter.

Insider Activity

In other news, CEO Bradley J. Ehrman bought 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $34.41 per share, with a total value of $496,536.30. Following the completion of the transaction, the chief executive officer now directly owns 29,622 shares in the company, valued at $1,019,293.02. This represents a 94.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie A. Moriyama bought 12,050 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the transaction, the chief financial officer now owns 83,450 shares of the company’s stock, valued at $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 41,152 shares of company stock valued at $1,388,552. 7.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. HWG Holdings LP bought a new position in Dorchester Minerals in the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. raised its position in Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Dorchester Minerals in the 3rd quarter worth approximately $166,000. MADDEN SECURITIES Corp bought a new position in Dorchester Minerals in the 3rd quarter worth approximately $223,000. Finally, Atomi Financial Group Inc. raised its position in Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock worth $262,000 after purchasing an additional 1,954 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.