New Concept Energy, Inc. (NYSEAMERICAN:GBR) Sees Large Increase in Short Interest

New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 242,000 shares, an increase of 158.3% from the September 15th total of 93,700 shares. Based on an average trading volume of 479,000 shares, the short-interest ratio is presently 0.5 days. Currently, 6.5% of the shares of the company are sold short.

New Concept Energy stock traded up $0.01 during midday trading on Thursday, hitting $4.09. 4,570 shares of the company were exchanged, compared to its average volume of 1,671,321. The company has a quick ratio of 19.68, a current ratio of 19.68 and a debt-to-equity ratio of 0.02. New Concept Energy has a fifty-two week low of $1.40 and a fifty-two week high of $30.99.

New Concept Energy (NYSEAMERICAN:GBR) last issued its quarterly earnings data on Friday, August 13th. The company reported $0.01 EPS for the quarter. New Concept Energy had a return on equity of 3.81% and a net margin of 2,255.45%. The company had revenue of $0.03 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC grew its holdings in New Concept Energy by 68.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 23,692 shares of the company’s stock valued at $145,000 after purchasing an additional 9,592 shares during the period. Geode Capital Management LLC acquired a new stake in New Concept Energy in the first quarter valued at approximately $45,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of New Concept Energy in the first quarter worth approximately $48,000. Dimensional Fund Advisors LP boosted its stake in shares of New Concept Energy by 61.8% in the second quarter. Dimensional Fund Advisors LP now owns 29,554 shares of the company’s stock worth $181,000 after acquiring an additional 11,287 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of New Concept Energy by 340.3% in the second quarter. Morgan Stanley now owns 20,278 shares of the company’s stock worth $124,000 after acquiring an additional 15,673 shares during the last quarter. 8.89% of the stock is currently owned by institutional investors.

New Concept Energy Company Profile

New Concept Energy, Inc engages in the provision of real estate rental services. It also maintains property and liability insurance intended to cover claims for its real estate and corporate operations. The company was founded in 1978 and is headquartered in Dallas, TX.

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