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

Prairie Operating Co. (NASDAQ:PROP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 583,900 shares, a growth of 80.5% from the December 15th total of 323,500 shares. Based on an average trading volume of 112,000 shares, the days-to-cover ratio is currently 5.2 days. Currently, 9.1% of the shares of the stock are short sold.

Prairie Operating Stock Down 1.6 %

NASDAQ PROP traded down $0.13 during trading on Friday, hitting $7.58. The company’s stock had a trading volume of 170,160 shares, compared to its average volume of 278,048. The firm has a 50 day moving average price of $7.63 and a 200 day moving average price of $8.61. The firm has a market cap of $173.62 million, a P/E ratio of -2.53 and a beta of 1.95. Prairie Operating has a 52 week low of $4.91 and a 52 week high of $16.08.

Institutional Trading of Prairie Operating

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers acquired a new stake in Prairie Operating in the 2nd quarter valued at $45,000. Barclays PLC boosted its stake in Prairie Operating by 321.7% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $52,000 after buying an additional 4,574 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Prairie Operating by 163.4% in the 3rd 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. Navigation Wealth Management Inc. acquired a new stake in Prairie Operating in the 4th quarter valued at $83,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prairie Operating in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.