U.S. Energy Corp. (NASDAQ:USEG – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 57,300 shares, a growth of 117.0% from the June 30th total of 26,400 shares. Based on an average daily volume of 46,200 shares, the short-interest ratio is presently 1.2 days.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on U.S. Energy in a research report on Monday, July 22nd. They issued a “sell” rating for the company.
Get Our Latest Analysis on U.S. Energy
Institutional Inflows and Outflows
A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. boosted its holdings in U.S. Energy Corp. (NASDAQ:USEG – Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,494 shares of the energy company’s stock after acquiring an additional 17,772 shares during the period. Verity Asset Management Inc. owned 0.37% of U.S. Energy worth $95,000 at the end of the most recent reporting period. 3.00% of the stock is owned by institutional investors and hedge funds.
U.S. Energy Price Performance
USEG opened at $1.05 on Friday. U.S. Energy has a one year low of $0.83 and a one year high of $1.76. The business’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.09. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14.
U.S. Energy (NASDAQ:USEG – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The energy company reported ($0.17) EPS for the quarter. U.S. Energy had a negative net margin of 138.09% and a negative return on equity of 62.97%. The business had revenue of $5.39 million during the quarter.
About U.S. Energy
U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions.
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