EagleRock Land, LLC (NYSE:EROK) Short Interest Up 81.2% in June

EagleRock Land, LLC (NYSE:EROK) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 596,283 shares, a growth of 81.2% from the May 31st total of 329,123 shares. Based on an average daily trading volume, of 272,362 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the company’s stock are short sold.

Analyst Ratings Changes

Several analysts recently weighed in on EROK shares. Barclays initiated coverage on EagleRock Land in a report on Monday, June 8th. They set an “overweight” rating and a $25.00 price target for the company. Raymond James Financial began coverage on shares of EagleRock Land in a report on Monday, June 8th. They issued an “outperform” rating and a $25.00 target price on the stock. Pickering Energy Partners began coverage on EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. initiated coverage on EagleRock Land in a research note on Monday, June 8th. They set an “overweight” rating and a $25.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, EagleRock Land presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

EagleRock Land Stock Performance

EagleRock Land stock opened at $20.78 on Friday. EagleRock Land has a fifty-two week low of $19.75 and a fifty-two week high of $24.80.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Raj Kumar acquired 5,405 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the purchase, the director directly owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie L. Reed purchased 13,513 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $249,990.50. Following the acquisition, the director directly owned 13,513 shares in the company, valued at approximately $249,990.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 518,918 shares of company stock valued at $9,599,983.