U.S. Energy Corp. (NASDAQ:USEG) Sees Significant Drop in Short Interest

U.S. Energy Corp. (NASDAQ:USEG) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 491,300 shares, a decline of 15.5% from the February 28th total of 581,600 shares. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.8% of the company’s stock are sold short.

Institutional Trading of U.S. Energy

A number of institutional investors have recently made changes to their positions in the business. Scissortail Wealth Management LLC purchased a new stake in U.S. Energy in the fourth quarter valued at about $73,000. Geode Capital Management LLC increased its holdings in shares of U.S. Energy by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after acquiring an additional 23,756 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of U.S. Energy by 24.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors and hedge funds own 3.00% of the company’s stock.

U.S. Energy Stock Down 0.8 %

Shares of USEG opened at $1.20 on Tuesday. The company has a 50 day moving average of $1.87 and a two-hundred day moving average of $1.65. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40. The company has a market cap of $40.59 million, a price-to-earnings ratio of -0.91 and a beta of 0.69.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on USEG shares. StockNews.com downgraded U.S. Energy from a “hold” rating to a “sell” rating in a report on Friday, March 21st. D. Boral Capital reiterated a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a report on Thursday, March 13th.

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.