EagleRock Land, LLC (NYSE:EROK) Short Interest Up ? in May

EagleRock Land, LLC (NYSE:EROK) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 258,412 shares, an increase of ? from the April 30th total of 0 shares. Based on an average trading volume of 547,938 shares, the days-to-cover ratio is presently 0.5 days.

EagleRock Land Stock Up 2.3%

Shares of EROK traded up $0.50 during mid-day trading on Wednesday, hitting $22.32. The company’s stock had a trading volume of 112,223 shares, compared to its average volume of 536,358. EagleRock Land has a 52-week low of $21.20 and a 52-week high of $24.80.

Insiders Place Their Bets

In other EagleRock Land news, Director Stephanie L. Reed acquired 13,513 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $18.50 per share, for a total transaction of $249,990.50. Following the acquisition, the director directly owned 13,513 shares in the company, valued at $249,990.50. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Slaughter Lott acquired 250,000 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the completion of the transaction, the director owned 250,000 shares in the company, valued at $4,625,000. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 518,918 shares of company stock worth $9,599,983 in the last 90 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded EagleRock Land to a “hold” rating in a report on Saturday, May 23rd.