Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Expands By 117.4%

U.S. Energy Corp. (NASDAQ:USEG) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 93,900 shares, an increase of 117.4% from the October 31st total of 43,200 shares. Based on an average daily volume of 129,800 shares, the short-interest ratio is currently 0.7 days.

U.S. Energy Price Performance

NASDAQ USEG traded up $0.14 during trading hours on Friday, reaching $1.85. 71,072 shares of the company’s stock traded hands, compared to its average volume of 83,371. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $1.91. The firm has a 50-day simple moving average of $1.43 and a 200 day simple moving average of $1.16. The firm has a market cap of $51.74 million, a PE ratio of -1.30 and a beta of 0.47.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on U.S. Energy in a research report on Wednesday. They set a “hold” rating for the company.

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.