Hammerhead Energy Inc. (NASDAQ:HHRSW) Sees Large Growth in Short Interest

Hammerhead Energy Inc. (NASDAQ:HHRSW) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 62,300 shares, a growth of 174.4% from the August 15th total of 22,700 shares. Based on an average daily trading volume, of 121,100 shares, the short-interest ratio is presently 0.5 days.

Hammerhead Energy Stock Performance

Shares of HHRSW stock opened at $2.97 on Friday. The business has a fifty day moving average price of $2.22. Hammerhead Energy has a twelve month low of $0.55 and a twelve month high of $3.65.

Institutional Investors Weigh In On Hammerhead Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC grew its stake in Hammerhead Energy by 25.9% in the second quarter. Walleye Capital LLC now owns 184,655 shares of the company’s stock worth $260,000 after purchasing an additional 37,952 shares during the period. Walleye Trading LLC boosted its holdings in Hammerhead Energy by 26.8% in the second quarter. Walleye Trading LLC now owns 100,962 shares of the company’s stock worth $142,000 after acquiring an additional 21,348 shares in the last quarter. Royal Bank of Canada bought a new stake in Hammerhead Energy in the second quarter worth $26,000. Kim LLC bought a new stake in Hammerhead Energy in the second quarter worth $107,000. Finally, Prelude Capital Management LLC bought a new stake in Hammerhead Energy in the first quarter worth $41,000.

About Hammerhead Energy

Hammerhead Energy Inc operates as an oil and gas company that develops multi-zone liquids-rich oil and gas properties in the Alberta Montney. The company was formerly known as Canadian International Oil Corp. and changed its name to Hammerhead Resources Inc in July 2017. Hammerhead Energy Inc was incorporated in 2009 and is based in Calgary, Canada.