Mexco Energy Co. (NYSEAMERICAN:MXC) Short Interest Update

Mexco Energy Co. (NYSEAMERICAN:MXCGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 44,400 shares, a growth of 41.9% from the April 15th total of 31,300 shares. Based on an average daily trading volume, of 410,800 shares, the short-interest ratio is presently 0.1 days. Approximately 3.9% of the shares of the company are sold short.

In other Mexco Energy news, insider Stacy D. Hardin sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $20.14, for a total value of $50,350.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Tammy Mccomic sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $20.16, for a total value of $201,600.00. The disclosure for this sale can be found here. Insiders have sold 24,352 shares of company stock worth $462,025 over the last ninety days. 52.27% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Mexco Energy during the 4th quarter valued at about $149,000. Renaissance Technologies LLC purchased a new position in shares of Mexco Energy during the 3rd quarter valued at about $168,000. Dimensional Fund Advisors LP lifted its position in shares of Mexco Energy by 165.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,248 shares of the oil and gas exploration company’s stock valued at $346,000 after buying an additional 20,734 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Mexco Energy by 270.3% during the 1st quarter. Vanguard Group Inc. now owns 61,108 shares of the oil and gas exploration company’s stock valued at $990,000 after buying an additional 44,605 shares in the last quarter. 4.04% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet raised Mexco Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, March 2nd.

NYSEAMERICAN:MXC traded up $0.66 on Friday, hitting $16.35. The stock had a trading volume of 41,589 shares, compared to its average volume of 298,847. Mexco Energy has a 52-week low of $7.47 and a 52-week high of $43.00. The stock has a market capitalization of $34.69 million, a price-to-earnings ratio of 41.92 and a beta of 1.38.

About Mexco Energy (Get Rating)

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio.

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