Prairie Operating Co. (NASDAQ:PROP) Short Interest Up 80.5% in December

Prairie Operating Co. (NASDAQ:PROP) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 583,900 shares, an increase of 80.5% from the December 15th total of 323,500 shares. Currently, 9.1% of the shares of the company are sold short. Based on an average daily volume of 112,000 shares, the days-to-cover ratio is presently 5.2 days.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of Prairie Operating to a “moderate buy” rating in a research note on Monday, October 7th.

Prairie Operating Trading Down 0.3 %

Shares of NASDAQ:PROP opened at $7.70 on Friday. The company has a 50 day moving average of $7.63 and a 200-day moving average of $8.61. The firm has a market cap of $176.48 million, a P/E ratio of -2.57 and a beta of 1.95. Prairie Operating has a twelve month low of $4.91 and a twelve month high of $16.08.

Institutional Investors Weigh In On Prairie Operating

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Navigation Wealth Management Inc. acquired a new position in shares of Prairie Operating during the 4th quarter valued at $83,000. JPMorgan Chase & Co. boosted its stake in Prairie Operating by 163.4% during the third quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock valued at $61,000 after buying an additional 4,321 shares in the last quarter. Barclays PLC grew its holdings in 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 period. Geode Capital Management LLC raised its position in Prairie Operating by 16.5% in the third quarter. Geode Capital Management LLC now owns 121,966 shares of the company’s stock worth $1,069,000 after acquiring an additional 17,290 shares in the last quarter. Finally, State Street Corp lifted its holdings in Prairie Operating by 56.4% in the 3rd quarter. State Street Corp now owns 62,041 shares of the company’s stock valued at $543,000 after acquiring an additional 22,384 shares during the last quarter. Institutional investors own 34.28% of the company’s stock.

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.