GreenHunter Energy Short Interest Up 10.8% in August (GRH)
GreenHunter Energy (NYSE:GRH) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,592,821 shares, a growth of 10.8% from the July 31st total of 1,438,134 shares, Stock Ratings Network reports. Currently, 10.3% of the shares of the company are sold short. Based on an average trading volume of 502,722 shares, the short-interest ratio is currently 3.2 days.
In other GreenHunter Energy news, Director Roy Ernest Easley bought 25,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $1.93 per share, for a total transaction of $48,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
GRH has been the subject of a number of recent research reports. Analysts at Noble Financial raised their price target on shares of GreenHunter Energy from $1.50 to $2.25 in a research note on Monday, June 16th. They now have a “buy” rating on the stock.
Shares of GreenHunter Energy (NYSE:GRH) traded up 1.14% during mid-day trading on Tuesday, hitting $1.78. 210,268 shares of the company’s stock traded hands. GreenHunter Energy has a 1-year low of $0.80 and a 1-year high of $3.62. The stock’s 50-day moving average is $2.28 and its 200-day moving average is $1.44. The company’s market cap is $63.2 million.
GreenHunter Energy (NYSE:GRH) last released its earnings data on Monday, August 4th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.01. During the same quarter last year, the company posted ($0.10) earnings per share. Analysts expect that GreenHunter Energy will post $-0.22 EPS for the current fiscal year.
GreenHunter Energy, Inc is engaged in providing Total Water Management Solutions to oil and gas operators who are active in the Marcellus, Eagle Ford and Bakken shale plays.
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