Denbury Resources Inc. (DNR) Short Interest Up 7.3% in January

Denbury Resources Inc. (NYSE:DNR) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 67,654,999 shares, a growth of 7.3% from the January 12th total of 63,030,580 shares. Based on an average trading volume of 9,686,682 shares, the short-interest ratio is presently 7.0 days. Approximately 17.1% of the shares of the company are short sold.

A number of equities research analysts recently issued reports on the company. Mizuho upgraded Denbury Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut Denbury Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. ValuEngine cut Denbury Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and issued a $2.00 price objective on shares of Denbury Resources in a research note on Wednesday, December 20th. Finally, KeyCorp restated a “hold” rating on shares of Denbury Resources in a research note on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Denbury Resources has a consensus rating of “Hold” and a consensus price target of $2.09.

Institutional investors and hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC increased its position in shares of Denbury Resources by 261.7% during the second quarter. Piedmont Investment Advisors LLC now owns 86,127 shares of the oil and natural gas company’s stock valued at $132,000 after buying an additional 62,312 shares during the period. LMR Partners LLP bought a new stake in shares of Denbury Resources during the third quarter valued at about $140,000. HBK Investments L P bought a new stake in shares of Denbury Resources during the fourth quarter valued at about $144,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Denbury Resources by 11.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock valued at $148,000 after buying an additional 10,000 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in shares of Denbury Resources during the fourth quarter valued at about $163,000. Hedge funds and other institutional investors own 80.02% of the company’s stock.

Shares of Denbury Resources (DNR) opened at $2.17 on Thursday. Denbury Resources has a 52-week low of $0.91 and a 52-week high of $3.53. The firm has a market capitalization of $872.56, a PE ratio of -2.41 and a beta of 3.49. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 5.91.

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Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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