Prairie Operating Co. (NASDAQ:PROP) Short Interest Up 141.2% in February

Prairie Operating Co. (NASDAQ:PROP) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,710,000 shares, an increase of 141.2% from the January 31st total of 708,900 shares. Currently, 31.0% of the company’s stock are short sold. Based on an average daily volume of 290,100 shares, the days-to-cover ratio is currently 5.9 days.

Prairie Operating Trading Up 2.5 %

PROP stock opened at $7.24 on Monday. Prairie Operating has a twelve month low of $4.91 and a twelve month high of $16.08. The company’s 50 day moving average is $7.78 and its two-hundred day moving average is $8.34. The stock has a market cap of $190.04 million, a P/E ratio of -2.41 and a beta of 1.94.

Hedge Funds Weigh In On Prairie Operating

A number of hedge funds have recently modified their holdings of PROP. Wells Fargo & Company MN grew its position in shares of Prairie Operating by 128.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,376 shares of the company’s stock worth $30,000 after acquiring an additional 2,457 shares during the last quarter. Barclays PLC grew its position in shares of Prairie Operating by 321.7% during the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $52,000 after acquiring an additional 4,574 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Prairie Operating by 163.4% during the third quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock worth $61,000 after acquiring an additional 4,321 shares during the last quarter. Navigation Wealth Management Inc. purchased a new position in shares of Prairie Operating during the fourth quarter worth approximately $83,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Prairie Operating during the fourth quarter worth approximately $97,000. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.