Denbury Resources Inc. (NYSE:DNR) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 67,654,999 shares, an increase of 7.3% from the January 12th total of 63,030,580 shares. Based on an average daily trading volume, of 9,686,682 shares, the days-to-cover ratio is currently 7.0 days. Approximately 17.1% of the shares of the stock are sold short.

Shares of Denbury Resources (NYSE DNR) opened at $2.04 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 5.91. Denbury Resources has a one year low of $0.92 and a one year high of $3.60. The firm has a market cap of $822.21, a price-to-earnings ratio of -2.27 and a beta of 3.49.

A number of research firms have weighed in on DNR. Zacks Investment Research raised shares of Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Wednesday, February 7th. Mizuho raised shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. ValuEngine cut shares of Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $2.00 target price on shares of Denbury Resources in a research note on Wednesday, December 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Denbury Resources in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $2.09.

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC grew its stake in shares of Denbury Resources by 81.2% in the fourth quarter. Virtu Financial LLC now owns 101,395 shares of the oil and natural gas company’s stock worth $224,000 after purchasing an additional 45,431 shares during the last quarter. BlackRock Inc. grew its stake in shares of Denbury Resources by 2.9% in the fourth quarter. BlackRock Inc. now owns 52,960,970 shares of the oil and natural gas company’s stock worth $117,044,000 after purchasing an additional 1,516,392 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Denbury Resources by 223.3% in the fourth quarter. Arizona State Retirement System now owns 675,936 shares of the oil and natural gas company’s stock worth $1,494,000 after purchasing an additional 466,836 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Denbury Resources by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 736,148 shares of the oil and natural gas company’s stock worth $1,626,000 after purchasing an additional 244,024 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Denbury Resources by 46.2% in the fourth quarter. KBC Group NV now owns 651,020 shares of the oil and natural gas company’s stock worth $1,439,000 after purchasing an additional 205,723 shares during the last quarter. 80.02% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Denbury Resources Inc. (DNR) Short Interest Update” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/denbury-resources-inc-dnr-short-interest-update/1862235.html.

About Denbury Resources

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

Receive News & Ratings for Denbury Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denbury Resources and related companies with MarketBeat.com's FREE daily email newsletter.