PHX Minerals Inc. (NYSE:PHX) Short Interest Up 47.1% in January

PHX Minerals Inc. (NYSE:PHX) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 152,500 shares, a growth of 47.1% from the January 15th total of 103,700 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 87,400 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PHX. James Investment Research Inc. grew its stake in PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the last quarter. Empowered Funds LLC grew its stake in PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals during the 3rd quarter worth $44,000. Barclays PLC bought a new position in PHX Minerals during the 3rd quarter worth $37,000. Finally, Geode Capital Management LLC grew its stake in PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 32,406 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors.

PHX Minerals Stock Performance

Shares of NYSE PHX traded down $0.06 during trading on Friday, reaching $4.12. The stock had a trading volume of 44,636 shares, compared to its average volume of 104,974. PHX Minerals has a one year low of $2.95 and a one year high of $4.20. 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 stock has a market cap of $154.23 million, a PE ratio of 31.66 and a beta of 0.54. The firm’s 50 day moving average price is $3.95 and its two-hundred day moving average price is $3.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on PHX Minerals in a report on Friday. They issued a “hold” rating for the company.

About PHX Minerals

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.