PHX Minerals Inc. (NYSE:PHX) Sees Significant Growth in Short Interest

PHX Minerals Inc. (NYSE:PHX) was the target of a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.5% of the shares of the company are sold short.

PHX Minerals Stock Performance

Shares of PHX Minerals stock traded down $0.10 during trading on Friday, reaching $4.00. The company’s stock had a trading volume of 48,831 shares, compared to its average volume of 59,048. PHX Minerals has a one year low of $3.09 and a one year high of $4.24. 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 firm has a market cap of $151.69 million, a price-to-earnings ratio of 30.77 and a beta of 0.51. The business’s fifty day moving average price is $3.98 and its 200-day moving average price is $3.79.

PHX Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.00%. PHX Minerals’s dividend payout ratio (DPR) is presently 266.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of PHX Minerals in a research note on Wednesday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On PHX Minerals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC acquired a new position in PHX Minerals during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals in the 3rd quarter worth $44,000. Total Wealth Planning & Management Inc. bought a new position in shares of PHX Minerals during the 4th quarter worth about $72,000. Balyasny Asset Management L.P. acquired a new position in shares of PHX Minerals during the fourth quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals in the fourth quarter valued at about $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.