EON Resources Inc. (NYSEAMERICAN:EONR) Sees Large Increase in Short Interest

EON Resources Inc. (NYSEAMERICAN:EONR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,196,774 shares, a growth of 23.5% from the December 15th total of 1,779,350 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,273,131 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 1,273,131 shares, the short-interest ratio is presently 1.7 days. Currently, 4.8% of the company’s stock are sold short.

Insider Activity

In other EON Resources news, Director Joseph V. Sr Salvucci, Sr. purchased 118,237 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average cost of $0.43 per share, with a total value of $50,841.91. Following the purchase, the director directly owned 2,047,358 shares of the company’s stock, valued at $880,363.94. The trade was a 6.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought 198,237 shares of company stock worth $84,642 in the last ninety days. 9.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EON Resources

An institutional investor recently raised its position in EON Resources stock. Two Sigma Investments LP increased its position in shares of EON Resources Inc. (NYSEAMERICAN:EONR) by 574.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,560 shares of the company’s stock after buying an additional 165,709 shares during the period. Two Sigma Investments LP owned 0.52% of EON Resources worth $95,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 33.51% of the company’s stock.

EON Resources Trading Down 2.3%

Shares of NYSEAMERICAN EONR opened at $0.38 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50-day moving average of $0.42 and a 200-day moving average of $0.41. EON Resources has a fifty-two week low of $0.27 and a fifty-two week high of $1.90.

EON Resources Company Profile

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.