PrimeEnergy Resources Co. (NASDAQ:PNRG) Short Interest Update

PrimeEnergy Resources Co. (NASDAQ:PNRG) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,700 shares, a drop of 24.7% from the November 30th total of 8,900 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is presently 1.0 days. Approximately 1.2% of the shares of the company are short sold.

PrimeEnergy Resources Stock Performance

PrimeEnergy Resources stock traded down $10.58 during midday trading on Friday, reaching $216.42. 15,043 shares of the stock traded hands, compared to its average volume of 4,081. PrimeEnergy Resources has a fifty-two week low of $92.40 and a fifty-two week high of $232.30. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $371.59 million, a price-to-earnings ratio of 9.30 and a beta of 0.56. The firm has a fifty day moving average price of $186.72 and a two-hundred day moving average price of $147.19.

Institutional Trading of PrimeEnergy Resources

Several large investors have recently added to or reduced their stakes in PNRG. IFG Advisory LLC bought a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth about $532,000. Victory Capital Management Inc. bought a new stake in PrimeEnergy Resources during the second quarter worth approximately $222,000. Dimensional Fund Advisors LP raised its holdings in PrimeEnergy Resources by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company’s stock worth $3,146,000 after purchasing an additional 1,045 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in PrimeEnergy Resources during the 3rd quarter valued at $47,000. Finally, Farther Finance Advisors LLC acquired a new position in PrimeEnergy Resources during the third quarter worth about $276,000.

About PrimeEnergy Resources

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells.