New Concept Energy, Inc. (NYSEAMERICAN:GBR) Sees Large Increase in Short Interest

New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 242,000 shares, a growth of 158.3% from the September 15th total of 93,700 shares. Based on an average trading volume of 479,000 shares, the short-interest ratio is currently 0.5 days. Currently, 6.5% of the shares of the stock are short sold.

NYSEAMERICAN:GBR traded up $0.01 during midday trading on Thursday, hitting $4.09. 4,570 shares of the company traded hands, compared to its average volume of 1,671,321. New Concept Energy has a 12-month low of $1.40 and a 12-month high of $30.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 19.68 and a current ratio of 19.68.

New Concept Energy (NYSEAMERICAN:GBR) last released its quarterly earnings results on Friday, August 13th. The company reported $0.01 earnings per share for the quarter. New Concept Energy had a return on equity of 3.81% and a net margin of 2,255.45%. The company had revenue of $0.03 million for the quarter.

A number of institutional investors have recently made changes to their positions in GBR. Vanguard Group Inc. grew its position in New Concept Energy by 607.7% in the 2nd quarter. Vanguard Group Inc. now owns 208,502 shares of the company’s stock valued at $1,272,000 after acquiring an additional 179,039 shares during the last quarter. State Street Corp bought a new position in New Concept Energy in the 2nd quarter valued at $263,000. Citadel Advisors LLC bought a new position in shares of New Concept Energy during the 1st quarter worth $143,000. Virtu Financial LLC grew its position in shares of New Concept Energy by 214.1% during the 1st quarter. Virtu Financial LLC now owns 47,030 shares of the company’s stock worth $202,000 after buying an additional 32,055 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of New Concept Energy during the 1st quarter worth $78,000. 8.89% of the stock is currently owned by institutional investors.

About New Concept Energy

New Concept Energy, Inc engages in the provision of real estate rental services. It also maintains property and liability insurance intended to cover claims for its real estate and corporate operations. The company was founded in 1978 and is headquartered in Dallas, TX.

Further Reading: Liquidity

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