Short Interest in EON Resources Inc. (NYSEAMERICAN:EONR) Rises By 178.7%

EON Resources Inc. (NYSEAMERICAN:EONR) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,338,881 shares, an increase of 178.7% from the February 26th total of 1,557,021 shares. Approximately 9.6% of the shares of the company are short sold. Based on an average daily trading volume, of 124,706,989 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 124,706,989 shares, the days-to-cover ratio is currently 0.0 days. Approximately 9.6% of the shares of the company are short sold.

EON Resources Trading Down 5.4%

Shares of EON Resources stock traded down $0.06 during trading hours on Wednesday, reaching $0.96. The stock had a trading volume of 11,707,567 shares, compared to its average volume of 27,817,762. The stock’s 50 day moving average is $0.58 and its 200 day moving average is $0.50. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.07. EON Resources has a twelve month low of $0.27 and a twelve month high of $1.58.

Hedge Funds Weigh In On EON Resources

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

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.