New Concept Energy, Inc. (NYSEAMERICAN:GBR) Short Interest Update


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New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 158,700 shares, a growth of 29.0% from the March 31st total of 123,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,930,000 shares, the days-to-cover ratio is presently 0.1 days.

In other news, major shareholder Realty Advisors Inc sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $7.26, for a total transaction of $181,500.00. Insiders have sold 590,096 shares of company stock valued at $3,573,685 in the last three months. Corporate insiders own 2.10% of the company’s stock.

A hedge fund recently bought a new stake in New Concept Energy stock. Virtu Financial LLC acquired a new position in shares of New Concept Energy, Inc. (NYSEAMERICAN:GBR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,975 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned about 0.29% of New Concept Energy at the end of the most recent reporting period. 1.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of GBR stock traded up $0.28 during mid-day trading on Tuesday, reaching $4.30. 2,196,365 shares of the company were exchanged, compared to its average volume of 2,377,404. The company has a 50 day moving average price of $1.79. New Concept Energy has a fifty-two week low of $0.77 and a fifty-two week high of $30.99. The company has a market capitalization of $22.07 million, a P/E ratio of 10.75 and a beta of 2.10. The company has a quick ratio of 38.80, a current ratio of 38.80 and a debt-to-equity ratio of 0.03.

About New Concept Energy

New Concept Energy, Inc, through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. Its oil and gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia. As of December 31, 2019, the company had 153 producing gas wells; 44 non-producing wells and related equipment; and mineral leases covering approximately 20,000 acres.

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