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HNR Acquisition Corp (AMEX:HNRA) Lost -82.09% In A Week: What’s Driving The Stock?

In last trading session, HNR Acquisition Corp (AMEX:HNRA) saw 0.46 million shares changing hands with its beta currently measuring -0.80. Company’s recent per share price level of $1.92 trading at -$1.08 or -36.00% at ring of the bell on the day assigns it a market valuation of $14.44M. That closing price of HNRA’s stock is at a discount of -625.52% from its 52-week high price of $13.93 and is indicating a discount of -44.79% from its 52-week low price of $2.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.14 million shares which gives us an average trading volume of 56.86K if we extend that period to 3-months.

HNR Acquisition Corp (AMEX:HNRA) trade information

Upright in the red during last session for losing -36.00%, in the last five days HNRA remained trading in the red while hitting it’s week-highest on Monday, 11/13/23 when the stock touched $1.92 price level, adding 82.55% to its value on the day. HNR Acquisition Corp’s shares saw a change of -81.23% in year-to-date performance and have moved -82.09% in past 5-day. HNR Acquisition Corp (AMEX:HNRA) showed a performance of -82.27% in past 30-days. Number of shares sold short was 3830.0 shares which calculate 0.1 days to cover the short interests.

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HNRA Dividends

HNR Acquisition Corp is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

HNR Acquisition Corp (AMEX:HNRA)’s Major holders

Insiders are in possession of 19.03% of company’s total shares while institution are holding 123.18 percent of that, with stock having share float percentage of 152.14%. Investors also watch the number of corporate investors in a company very closely, which is 123.18% institutions for HNR Acquisition Corp that are currently holding shares of the company. Hudson Bay Capital Management Lp is the top institutional holder at HNRA for having 0.5 million shares of worth $5.31 million. And as of Jun 29, 2023, it was holding 6.65% of the company’s outstanding shares.

The second largest institutional holder is Karpus Management, Inc., which was holding about 0.49 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.48% of outstanding shares, having a total worth of $5.17 million.

On the other hand, AQR Funds-AQR Diversified Arbitrage Fd and Saba Capital Income & Opportunities Fd are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 49014.0 shares of worth $0.52 million or 0.65% of the total outstanding shares. The later fund manager was in possession of 44874.0 shares on Apr 29, 2023, making its stake of worth around $0.47 million in the company or a holder of 0.60% of company’s stock.

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