New Concept Energy, Inc. (NYSEAMERICAN:GBR) Sees Large Decline in Short Interest

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New Concept Energy, Inc. (NYSEAMERICAN:GBR) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 179,000 shares, a decrease of 18.1% from the January 15th total of 218,500 shares. Approximately 8.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,700 shares, the short-interest ratio is currently 2.6 days.

Shares of GBR opened at $1.13 on Friday. New Concept Energy has a twelve month low of $1.05 and a twelve month high of $3.70.

A hedge fund recently bought a new stake in New Concept Energy stock. Virtu Financial LLC acquired a new position in New Concept Energy, Inc. (NYSEAMERICAN:GBR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,741 shares of the company’s stock, valued at approximately $44,000. Virtu Financial LLC owned about 0.52% of New Concept Energy at the end of the most recent quarter.

About New Concept Energy

New Concept Energy, Inc, through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. Its oil and gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia. As of December 31, 2017, the Company had 153 producing gas wells; 31 non-producing wells and related equipment; and mineral leases covering approximately 20,000 acres.

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