Aug. 11 at 4:27 PM
$HPK As of about 11:18 a.m. CT today, August 11, HPK is around
$8.53, up roughly 7.7%, after reaching
$9.10 intraday.
What makes it interesting is the float. Finviz shows roughly 126.4 million shares outstanding, but only about 22.25 million in the float, because insider ownership is extremely high at about 82%. Against that small float, approximately 6.72 million shares are short — about 30.2% of the float — with roughly 10 days to cover. That is a very meaningful squeeze setup.
And now there is an actual fundamental catalyst behind the move. HighPeak reported Q2 yesterday with
$82.3 million of net income /
$0.59 diluted EPS, production running 7% above the midpoint of guidance, and operating expenses 13% below midpoint guidance for the first half. That gives buyers something more substantial than just squeeze speculation.
