WhiteHawk Income Corp. (NYSE:WHK) Sees Large Growth in Short Interest

WhiteHawk Income Corp. (NYSE:WHK) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 292,613 shares, an increase of 80.2% from the June 15th total of 162,375 shares. Based on an average daily volume of 164,211 shares, the short-interest ratio is presently 1.8 days. Approximately 1.1% of the company’s stock are short sold.

WhiteHawk Income Stock Performance

Shares of WhiteHawk Income stock traded down $0.34 during trading hours on Friday, reaching $25.64. The company’s stock had a trading volume of 144,466 shares, compared to its average volume of 217,437. WhiteHawk Income has a one year low of $25.49 and a one year high of $28.60.

Analyst Ratings Changes

A number of research firms have recently issued reports on WHK. JPMorgan Chase & Co. assumed coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price for the company. Stephens assumed coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target for the company. Wall Street Zen raised shares of WhiteHawk Income to a “hold” rating in a research report on Saturday, June 13th. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

About WhiteHawk Income

WhiteHawk is focused on being the premier natural gas mineral and royalty business in the United States. We are committed to delivering cash flow and total returns to our investors through the disciplined acquisition, active management and ownership of high-quality mineral and royalty interests. Our assets are concentrated in the Marcellus and Haynesville Shales, which are located in the Appalachian and Haynesville Basins, which are among the most productive and lowest-cost U.S. natural gas basins(1).