Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Short Interest Down 39.0% in June

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,966,087 shares, a decline of 39.0% from the May 31st total of 3,223,144 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average trading volume of 1,993,845 shares, the days-to-cover ratio is currently 1.0 days.

Big Sky Industrial Inc. Common Stock Trading Down 0.9%

Big Sky Industrial Inc. Common Stock stock traded down $0.01 during trading hours on Wednesday, reaching $1.09. The company had a trading volume of 860,411 shares, compared to its average volume of 5,874,905. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.92 and a quick ratio of 1.92. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.52. The company has a 50-day moving average price of $1.00 and a 200 day moving average price of $0.99. The firm has a market cap of $57.03 million, a price-to-earnings ratio of -2.53 and a beta of 0.77.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last released its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Big Sky Industrial Inc. Common Stock had a negative net margin of 213.60% and a negative return on equity of 49.96%. The company had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $1.63 million. Equities analysts forecast that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On Big Sky Industrial Inc. Common Stock

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd grew its holdings in Big Sky Industrial Inc. Common Stock by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after acquiring an additional 17,080 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Big Sky Industrial Inc. Common Stock during the third quarter valued at about $54,000. Citadel Advisors LLC bought a new position in shares of Big Sky Industrial Inc. Common Stock during the third quarter valued at about $26,000. United Asset Strategies Inc. purchased a new stake in shares of Big Sky Industrial Inc. Common Stock during the fourth quarter worth about $27,000. Finally, State Street Corp boosted its holdings in shares of Big Sky Industrial Inc. Common Stock by 49.6% during the fourth quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after purchasing an additional 15,700 shares during the period. Hedge funds and other institutional investors own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BSIN. Wall Street Zen raised shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Big Sky Industrial Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock to a “strong sell” rating in a research report on Monday, June 8th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $3.50 price objective on shares of Big Sky Industrial Inc. Common Stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.50.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.