HighPeak Energy, Inc. (NASDAQ:HPKEW) Sees Large Drop in Short Interest

HighPeak Energy, Inc. (NASDAQ:HPKEW) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 6,100 shares, a drop of 14.1% from the March 15th total of 7,100 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On HighPeak Energy

Large investors have recently added to or reduced their stakes in the business. Syntal Capital Partners LLC grew its holdings in HighPeak Energy by 65.7% in the 1st quarter. Syntal Capital Partners LLC now owns 696,686 shares of the company’s stock worth $8,534,000 after acquiring an additional 276,354 shares during the last quarter. Bank of America Corp DE grew its holdings in HighPeak Energy by 607.6% in the 1st quarter. Bank of America Corp DE now owns 7,076 shares of the company’s stock worth $107,000 after acquiring an additional 6,076 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of HighPeak Energy by 50.9% during the 3rd quarter. UBS Group AG now owns 2,795 shares of the company’s stock valued at $34,000 after purchasing an additional 943 shares in the last quarter.

HighPeak Energy Stock Performance

HighPeak Energy stock opened at $6.20 on Tuesday. The firm’s fifty day moving average price is $7.74 and its 200-day moving average price is $8.38. HighPeak Energy has a fifty-two week low of $3.23 and a fifty-two week high of $17.50.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.