U.S. Energy (NASDAQ:USEG) Stock Price Down 8.6%

U.S. Energy Corp. (NASDAQ:USEG) shares dropped 8.6% during mid-day trading on Tuesday . The company traded as low as $4.51 and last traded at $4.90. Approximately 563,268 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 1,253,311 shares. The stock had previously closed at $5.36.

The business has a fifty day simple moving average of $4.94 and a 200-day simple moving average of $4.70.

A hedge fund recently bought a new stake in U.S. Energy stock. Squarepoint Ops LLC bought a new position in U.S. Energy Corp. (NASDAQ:USEG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,958 shares of the energy company’s stock, valued at approximately $59,000. Squarepoint Ops LLC owned approximately 0.55% of U.S. Energy as of its most recent SEC filing. 3.05% of the stock is currently owned by institutional investors.

About U.S. Energy (NASDAQ:USEG)

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 primarily in North Dakota and South Texas. The company was founded in 1966 and is based in Houston, Texas.

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