Uni-Fuels Holdings Limited (NASDAQ:UFG – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 149,865 shares, an increase of 66.7% from the June 30th total of 89,923 shares. Based on an average daily trading volume, of 724,087 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are short sold.
Institutional Trading of Uni-Fuels
Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Uni-Fuels during the third quarter valued at $106,000. Squarepoint Ops LLC purchased a new position in Uni-Fuels in the 3rd quarter worth about $107,000. BNP Paribas Financial Markets bought a new position in Uni-Fuels during the 3rd quarter valued at about $183,000. JPMorgan Chase & Co. purchased a new stake in shares of Uni-Fuels during the 3rd quarter valued at about $399,000. Finally, XTX Topco Ltd purchased a new position in shares of Uni-Fuels during the third quarter valued at approximately $566,000.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uni-Fuels in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Uni-Fuels Trading Up 0.0%
UFG stock opened at $0.70 on Friday. Uni-Fuels has a 52-week low of $0.60 and a 52-week high of $11.00. The firm has a 50 day moving average price of $0.76 and a 200-day moving average price of $0.90.
About Uni-Fuels
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.
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