Short Interest in Consol Energy Inc (NYSE:CEIX) Rises By 6.9%

Consol Energy Inc (NYSE:CEIX) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,490,900 shares, an increase of 6.9% from the April 30th total of 1,394,700 shares. Based on an average daily volume of 279,800 shares, the short-interest ratio is presently 5.3 days. Currently, 5.5% of the shares of the company are short sold.

A number of brokerages have issued reports on CEIX. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday.

Several hedge funds have recently added to or reduced their stakes in CEIX. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Consol Energy by 33.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after acquiring an additional 455 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Consol Energy by 64.8% during the first quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock valued at $70,000 after acquiring an additional 822 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Consol Energy during the fourth quarter valued at $106,000. NumerixS Investment Technologies Inc bought a new position in Consol Energy during the first quarter worth $136,000. Finally, Convergence Investment Partners LLC bought a new position in Consol Energy during the first quarter worth $148,000. 83.56% of the stock is owned by hedge funds and other institutional investors.

Consol Energy stock traded up $0.12 during mid-day trading on Friday, reaching $25.31. The company had a trading volume of 206,552 shares, compared to its average volume of 281,414. Consol Energy has a fifty-two week low of $24.78 and a fifty-two week high of $47.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.97. The firm has a market cap of $695.52 million, a P/E ratio of 4.70 and a beta of 1.05. The company has a fifty day moving average of $26.27.

Consol Energy (NYSE:CEIX) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.42. The firm had revenue of $332.50 million during the quarter, compared to the consensus estimate of $366.50 million. Consol Energy had a net margin of 7.04% and a return on equity of 24.27%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 earnings per share. Sell-side analysts predict that Consol Energy will post 4.06 earnings per share for the current fiscal year.

About Consol Energy

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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