HighPeak Energy, Inc. (NASDAQ:HPK) Sees Significant Increase in Short Interest

HighPeak Energy, Inc. (NASDAQ:HPK) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 8,077,153 shares, an increase of 24.8% from the January 15th total of 6,471,046 shares. Based on an average daily volume of 1,075,887 shares, the days-to-cover ratio is currently 7.5 days. Currently, 28.6% of the shares of the stock are sold short. Currently, 28.6% of the shares of the stock are sold short. Based on an average daily volume of 1,075,887 shares, the days-to-cover ratio is currently 7.5 days.

HighPeak Energy Trading Up 10.2%

Shares of HighPeak Energy stock traded up $0.47 on Monday, reaching $5.09. 894,113 shares of the company were exchanged, compared to its average volume of 920,351. The stock has a fifty day moving average price of $4.60 and a 200-day moving average price of $6.16. The firm has a market capitalization of $639.25 million, a price-to-earnings ratio of 14.14 and a beta of 0.64. The company has a current ratio of 1.65, a quick ratio of 1.58 and a debt-to-equity ratio of 0.71. HighPeak Energy has a fifty-two week low of $3.85 and a fifty-two week high of $14.69.

Analyst Ratings Changes

A number of research analysts recently issued reports on HPK shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HighPeak Energy in a report on Monday, December 29th. Wall Street Zen lowered shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Finally, Zacks Research cut shares of HighPeak Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, HighPeak Energy presently has an average rating of “Reduce” and an average target price of $11.67.

Institutional Trading of HighPeak Energy

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in shares of HighPeak Energy in the third quarter worth approximately $31,000. Raymond James Financial Inc. purchased a new stake in shares of HighPeak Energy in the 2nd quarter valued at approximately $49,000. The Manufacturers Life Insurance Company acquired a new position in HighPeak Energy in the 4th quarter worth approximately $51,000. Strs Ohio purchased a new position in HighPeak Energy during the 1st quarter worth approximately $60,000. Finally, Brooklyn Investment Group purchased a new position in HighPeak Energy during the 4th quarter worth approximately $68,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Company Profile

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.