U.S. Energy Corp. (NASDAQ:USEG) Short Interest Up 117.8% in February

U.S. Energy Corp. (NASDAQ:USEG) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 701,300 shares, an increase of 117.8% from the January 31st total of 322,000 shares. Based on an average daily trading volume, of 3,710,000 shares, the short-interest ratio is currently 0.2 days.

U.S. Energy Stock Performance

U.S. Energy stock opened at $1.64 on Friday. The company has a market capitalization of $57.67 million, a price-to-earnings ratio of -1.24 and a beta of 0.71. The company’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $1.57. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $6.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USEG. Geode Capital Management LLC raised its holdings in shares of U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after buying an additional 23,756 shares during the period. Renaissance Technologies LLC boosted its holdings in U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares during the period. Finally, Scissortail Wealth Management LLC acquired a new position in U.S. Energy in the 4th quarter valued at about $73,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USEG has been the subject of several recent research reports. StockNews.com assumed coverage on shares of U.S. Energy in a research note on Wednesday, February 12th. They set a “hold” rating on the stock. D. Boral Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a research report on Friday, January 24th.

U.S. Energy Company Profile

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.