Genie Energy Ltd. (NYSE: GNE) benefited from a sharp increase in short interest in November. As of November 30, there was short interest totaling 123,500 shares, an increase of 27.2% from the total of 97,100 shares as of November 15. About 0.8% of the company’s shares are sold short. Based on an average trading volume of 51,000 shares, the day / coverage ratio is currently 2.4 days.
NYSE GNE shares traded down $ 0.16 during trading hours on Monday, reaching $ 5.56. 1,337 shares of the title were traded, for an average volume of 88,171. The company’s fifty-day simple moving average is $ 5.55. Genie Energy has a 12-month low of $ 4.74 and a 12-month high of $ 8.50.
Genie Energy (NYSE: GNE) last released its quarterly earnings data on Thursday, November 4. The oil and gas producer reported ($ 0.10) EPS for the quarter. The company reported sales of $ 113.16 million for the quarter. Genie Energy recorded a negative return on equity of 0.93% and a negative net margin of 0.13%.
The company also recently unveiled a dividend, which will be paid on Tuesday, January 25. Investors of record on Tuesday, December 21 will receive a dividend of $ 0.08 per share. The ex-date of this dividend is Monday, December 20.
A number of institutional investors have recently changed their holdings in the company. Kanen Wealth Management LLC acquired a new position in Genie Energy during the 2nd quarter for a value of approximately $ 6,624,000. Old West Investment Management LLC increased its stake in Genie Energy by 35.6% during the 2nd quarter. Old West Investment Management LLC now owns 380,628 shares of the oil and gas producer valued at $ 2,405,000 after purchasing an additional 100,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Genie Energy by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 178,450 shares of the oil and gas producer valued at $ 1,165,000 after purchasing an additional 8,032 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Genie Energy by 9.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 117,185 shares of the oil and gas producer valued at $ 741,000 after purchasing an additional 10,174 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Genie Energy by 77.0% during the second quarter. Millennium Management LLC now owns 80,788 shares of the oil and gas producer valued at $ 511,000 after purchasing an additional 35,144 shares in the last quarter. Institutional investors and hedge funds hold 24.43% of the company’s shares.
Genie Energy Company Profile
Genie Energy Ltd. provides energy services. It operates through the following segments: Genie Retail Energy (GRE), Genie Energy Services (GES), GRE International and Genie Oil and Gas, Inc (GOGAS). The GRE segment owns and operates retail energy providers who resell electricity and natural gas to residential and commercial customers.
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