Uni-Fuels Holdings Limited (NASDAQ:UFG) Short Interest Down 49.8% in June

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 89,923 shares, a drop of 49.8% from the June 15th total of 179,157 shares. Based on an average daily trading volume, of 103,840 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uni-Fuels in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UFG. Citadel Advisors LLC purchased a new position in shares of Uni-Fuels during the 3rd quarter valued at $106,000. Squarepoint Ops LLC purchased a new position in Uni-Fuels during the third quarter worth about $107,000. BNP Paribas Financial Markets bought a new position in Uni-Fuels in the 3rd quarter worth about $183,000. JPMorgan Chase & Co. bought a new position in Uni-Fuels in the 3rd quarter worth about $399,000. Finally, XTX Topco Ltd purchased a new stake in shares of Uni-Fuels in the 3rd quarter valued at about $566,000.

Uni-Fuels Stock Performance

NASDAQ UFG traded down $0.02 during mid-day trading on Thursday, hitting $0.72. The company’s stock had a trading volume of 7,472 shares, compared to its average volume of 619,192. Uni-Fuels has a twelve month low of $0.60 and a twelve month high of $11.00. The company’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.93.

Uni-Fuels (NASDAQ:UFG) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $74.63 million during the quarter. Sell-side analysts predict that Uni-Fuels will post 0.01 earnings per share for the current fiscal year.

Uni-Fuels Company Profile

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.