Denbury Resources Inc. (DNR) Short Interest Update

Denbury Resources Inc. (NYSE:DNR) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 67,654,999 shares, an increase of 7.3% from the January 12th total of 63,030,580 shares. Currently, 17.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,686,682 shares, the short-interest ratio is currently 7.0 days.

A number of institutional investors and hedge funds have recently made changes to their positions in DNR. Teachers Advisors LLC raised its position in Denbury Resources by 57.0% during the second quarter. Teachers Advisors LLC now owns 967,464 shares of the oil and natural gas company’s stock valued at $1,480,000 after purchasing an additional 351,363 shares in the last quarter. Nationwide Fund Advisors raised its position in Denbury Resources by 66.2% during the second quarter. Nationwide Fund Advisors now owns 1,156,298 shares of the oil and natural gas company’s stock valued at $1,769,000 after purchasing an additional 460,727 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Denbury Resources by 4.6% during the second quarter. Thrivent Financial For Lutherans now owns 236,150 shares of the oil and natural gas company’s stock worth $361,000 after buying an additional 10,380 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Denbury Resources by 12.7% during the second quarter. UBS Asset Management Americas Inc. now owns 370,421 shares of the oil and natural gas company’s stock worth $567,000 after buying an additional 41,794 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Denbury Resources by 8.4% during the second quarter. Northern Trust Corp now owns 4,859,338 shares of the oil and natural gas company’s stock worth $7,436,000 after buying an additional 376,512 shares during the last quarter. Institutional investors and hedge funds own 80.02% of the company’s stock.

DNR has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Denbury Resources from a “hold” rating to a “strong-buy” rating and set a $2.50 price target for the company in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “hold” rating and set a $2.00 price objective on shares of Denbury Resources in a research report on Wednesday, December 20th. Mizuho upgraded shares of Denbury Resources from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine downgraded shares of Denbury Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, KeyCorp restated a “hold” rating on shares of Denbury Resources in a research report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Denbury Resources currently has a consensus rating of “Hold” and an average price target of $2.09.

Denbury Resources (NYSE:DNR) opened at $2.04 on Tuesday. Denbury Resources has a 1 year low of $0.92 and a 1 year high of $3.60. The company has a market cap of $822.21, a P/E ratio of -2.27 and a beta of 3.49. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.53 and a current ratio of 0.53.

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Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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