EON Resources Inc. (NYSEAMERICAN:EONR) Short Interest Up 178.7% in March

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

Institutional Investors Weigh In On EON Resources

Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP grew its stake in EON Resources by 574.4% during the 3rd quarter. Two Sigma Investments LP now owns 194,560 shares of the company’s stock worth $95,000 after buying an additional 165,709 shares during the last quarter. Daytona Street Capital LLC purchased a new stake in EON Resources in the fourth quarter valued at about $159,000. Geode Capital Management LLC boosted its holdings in EON Resources by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 246,570 shares of the company’s stock worth $95,000 after acquiring an additional 45,936 shares in the last quarter. State Street Corp acquired a new stake in EON Resources in the fourth quarter worth about $51,000. Finally, XTX Topco Ltd grew its stake in shares of EON Resources by 41.8% during the fourth quarter. XTX Topco Ltd now owns 125,585 shares of the company’s stock worth $48,000 after acquiring an additional 37,015 shares during the last quarter. Institutional investors own 33.51% of the company’s stock.

EON Resources Stock Performance

NYSEAMERICAN EONR traded up $0.07 during midday trading on Friday, hitting $1.07. 21,249,174 shares of the company traded hands, compared to its average volume of 27,537,051. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.50. EON Resources has a 52 week low of $0.27 and a 52 week high of $1.58.

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.