15% rise in HighPeak Energy's short interest in September, with CEO Jack Hightower buying 100,000 shares.
HighPeak Energy, an oil and gas company, saw a 15% rise in short interest in September, totaling 5.44 million shares. Shares traded at $14.28 with a short-interest ratio of 16.5 days. Truist Financial lowered its target price from $14 to $12 and maintained a "hold" rating. The company reported earnings of $0.28 per share, below the $0.50 estimate. CEO Jack Hightower bought 100,000 shares on September 20. HighPeak operates in the Permian Basin.
October 17, 2024
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