Genie Energy Ltd. (NYSE:GNE) Short Interest Update

Genie Energy Ltd. (NYSE:GNE - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 679,063 shares, an increase of 43.4% from the November 30th total of 473,396 shares. Based on an average daily trading volume, of 112,108 shares, the days-to-cover ratio is presently 6.1 days. Approximately 3.1% of the shares of the stock are short sold. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 112,108 shares, the days-to-cover ratio is presently 6.1 days.Wall Street Analyst Weigh InWill Fed Rate-Hike Pause Lead To Small-Cap Outperformance? A number of equities research analysts have commented on the stock. Wall Street Zen lowered shares of Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Genie Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".Read Our Latest Research Report on Genie EnergyInstitutional Inflows and OutflowsDon't Overlook This Reliable, Dividend-Paying SectorSeveral hedge funds and other institutional investors have recently made changes to their positions in GNE. Ameritas Investment Partners Inc. lifted its stake in Genie Energy by 71.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,171 shares of the oil and gas producer's stock valued at $58,000 after buying an additional 906 shares during the period. Quarry LP bought a new stake in shares of Genie Energy in the 3rd quarter valued at about $35,000. Federated Hermes Inc. raised its position in shares of Genie Energy by 168.2% in the 3rd quarter. Federated Hermes Inc. now owns 2,406 shares of the oil and gas producer's stock valued at $36,000 after acquiring an additional 1,509 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of Genie Energy by 29.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,691 shares of the oil and gas producer's stock valued at $126,000 after acquiring an additional 1,057 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Genie Energy during the 1st quarter worth approximately $85,000. 49.15% of the stock is currently owned by institutional investors. Genie Energy Trading Down 0.2%GNE stock traded down $0.03 during midday trading on Monday, reaching $13.84. The stock had a trading volume of 132,724 shares, compared to its average volume of 135,937. The firm has a market cap of $366.77 million, a price-to-earnings ratio of 17.30 and a beta of 0.08. Genie Energy has a twelve month low of $13.05 and a twelve month high of $28.47. The company has a quick ratio of 1.74, a current ratio of 1.91 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $17.30. Genie Energy (NYSE:GNE - Get Free Report) last released its earnings results on Monday, November 3rd. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.29). Genie Energy had a net margin of 1.00% and a return on equity of 4.47%. The business had revenue of $138.32 million for the quarter, compared to analyst estimates of $130.79 million. Genie Energy Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. Genie Energy's payout ratio is currently 37.50%. About Genie Energy (Get Free Report)Genie Energy Ltd. NYSE: GNE is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel's Shefela basin and Jordan's oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs. Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.See AlsoFive stocks we like better than Genie EnergyDo not delete, read immediatelyHow the Rich RetireINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffHow Long Will $1M Last in Retirement?[No Brainer Gold Play]: “Show me a better investment.”This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Genie Energy Right Now?Before you consider Genie Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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