Short Interest in Prairie Operating Co. (NASDAQ:PROP) Rises By 25.8%

Prairie Operating Co. (NASDAQ:PROP) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 255,800 shares, a growth of 25.8% from the August 31st total of 203,400 shares. Currently, 6.1% of the company’s shares are sold short. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is presently 3.3 days.

Prairie Operating Stock Performance

Shares of PROP traded up $0.56 during midday trading on Friday, hitting $8.76. The stock had a trading volume of 70,494 shares, compared to its average volume of 77,506. The company has a 50 day simple moving average of $9.09 and a two-hundred day simple moving average of $10.89. Prairie Operating has a twelve month low of $0.33 and a twelve month high of $18.50.

Prairie Operating (NASDAQ:PROP) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.38). Equities analysts expect that Prairie Operating will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers purchased a new stake in shares of Prairie Operating during the 2nd quarter valued at $45,000. Warberg Asset Management LLC bought a new stake in Prairie Operating during the second quarter worth about $127,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Prairie Operating during the second quarter valued at approximately $208,000. 34.28% of the stock is owned by institutional investors.

About Prairie Operating

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.