EON Resources Inc. (NYSEAMERICAN:EONR) Short Interest Down 27.8% in February

Key Points

• Short interest fell 27.8% to 1,557,021 shares as of Feb. 27, representing about 3.4% of the float and a days-to-cover ratio of 1.2 (based on average daily volume).
• The stock jumped 13.3% to $1.53 on Friday with trading volume far above average, while its 50- and 200-day moving averages sit near $0.48 and $0.46 respectively.
• Institutional activity increased—led by large additions from Two Sigma and others—and institutional/hedge fund ownership now stands at roughly 33.51%.

EON Resources Inc. (NYSEAMERICAN:EONR - ) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,557,021 shares, a decline of 27.8% from the February 12th total of 2,155,431 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 1,267,094 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 1,267,094 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.4% of the shares of the company are sold short.

EON Resources Trading Up 13.3%

NYSEAMERICAN EONR traded up $0.18 on Friday, reaching $1.53. The stock had a trading volume of 138,554,005 shares, compared to its average volume of 55,820,248. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a fifty day moving average of $0.48 and a two-hundred day moving average of $0.46. EON Resources has a 1-year low of $0.27 and a 1-year high of $1.58.

Hedge Funds Weigh In On EON Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Investments LP increased its position in EON Resources by 574.4% during the third quarter. Two Sigma Investments LP now owns 194,560 shares of the company's stock worth $95,000 after acquiring an additional 165,709 shares during the period. Daytona Street Capital LLC bought a new position in shares of EON Resources during the fourth quarter worth approximately $159,000. Geode Capital Management LLC raised its position in shares of EON Resources by 22.9% in the fourth 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 in the last quarter. State Street Corp acquired a new stake in shares of EON Resources in the fourth quarter valued at approximately $51,000. Finally, XTX Topco Ltd boosted its stake in shares of EON Resources by 41.8% in the fourth quarter. XTX Topco Ltd now owns 125,585 shares of the company's stock valued at $48,000 after buying an additional 37,015 shares during the period. 33.51% of the stock is currently owned by institutional investors and hedge funds.

About EON Resources

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.

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