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

EON Resources Inc. (NYSEAMERICAN:EONR) was the recipient of 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. Based on an average daily volume of 124,706,989 shares, the days-to-cover ratio is currently 0.0 days. Currently, 9.6% of the shares of the stock are sold short. Currently, 9.6% of the shares of the stock are sold short. Based on an average daily volume of 124,706,989 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of EON Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP boosted its position in shares of EON Resources by 574.4% during the 3rd quarter. Two Sigma Investments LP now owns 194,560 shares of the company’s stock valued at $95,000 after acquiring an additional 165,709 shares during the last quarter. Geode Capital Management LLC increased its position in EON Resources by 22.9% during the fourth quarter. Geode Capital Management LLC now owns 246,570 shares of the company’s stock worth $95,000 after purchasing an additional 45,936 shares during the last quarter. State Street Corp purchased a new position in EON Resources during the fourth quarter worth about $51,000. XTX Topco Ltd raised its stake in 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 purchasing an additional 37,015 shares during the period. Finally, Daytona Street Capital LLC acquired a new position in EON Resources in the 4th quarter valued at about $159,000. 33.51% of the stock is owned by institutional investors and hedge funds.

EON Resources Trading Down 5.4%

Shares of NYSEAMERICAN EONR traded down $0.06 during mid-day trading on Wednesday, reaching $0.96. The company’s stock had a trading volume of 11,707,567 shares, compared to its average volume of 27,817,762. The stock has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.35 and a quick ratio of 0.35. EON Resources has a 1-year low of $0.27 and a 1-year 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.