EON Resources Inc. (NYSEAMERICAN:EONR) Short Interest Up 57.0% in March

EON Resources Inc. (NYSEAMERICAN:EONR) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 6,811,867 shares, a growth of 57.0% from the March 15th total of 4,338,881 shares. Currently, 15.0% of the shares of the company are sold short. Based on an average trading volume of 30,433,712 shares, the days-to-cover ratio is currently 0.2 days.

EON Resources Price Performance

Shares of EONR opened at $0.78 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $0.71 and a 200 day moving average of $0.54. EON Resources has a 12 month low of $0.27 and a 12 month high of $1.58.

Institutional Trading of EON Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd grew its holdings in EON Resources by 41.8% during the fourth quarter. XTX Topco Ltd now owns 125,585 shares of the company’s stock valued at $48,000 after purchasing an additional 37,015 shares during the period. State Street Corp bought a new stake in shares of EON Resources in the fourth quarter valued at $51,000. Two Sigma Investments LP lifted its position in shares of EON Resources by 574.4% during the 3rd quarter. Two Sigma Investments LP now owns 194,560 shares of the company’s stock valued at $95,000 after buying an additional 165,709 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of EON Resources by 22.9% during the 4th quarter. Geode Capital Management LLC now owns 246,570 shares of the company’s stock valued at $95,000 after buying an additional 45,936 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new position in shares of EON Resources during the 4th quarter worth $159,000. 33.51% of the stock is owned by hedge funds and other institutional investors.

EON Resources Company Profile

EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres. The company was formerly known as HNR Acquisition Corp and changed its name atop EON Resources Inc in September 2024. EON Resources Inc was incorporated in 2020 and is headquartered in Houston, Texas.