Uni-Fuels Holdings Limited (NASDAQ:UFG) Sees Significant Increase in Short Interest

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 367,651 shares, a growth of 222.2% from the August 31st total of 114,122 shares. Based on an average trading volume of 11,415,817 shares, the short-interest ratio is currently 0.0 days. Approximately 1.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Uni-Fuels Price Performance

Shares of UFG traded down $0.02 during trading on Friday, reaching $0.50. 138,833 shares of the company traded hands, compared to its average volume of 5,909,273. Uni-Fuels has a twelve month low of $0.45 and a twelve month high of $8.40. The stock has a 50-day simple moving average of $0.59 and a 200-day simple moving average of $0.75.

Uni-Fuels (NASDAQ:UFG) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter. The company had revenue of $98.55 million during the quarter. As a group, analysts forecast that Uni-Fuels will post 0.01 EPS for the current year.

About Uni-Fuels

Uni-Fuels Holdings Limited is a Singapore-based provider of marine fuel solutions. The company helps shipowners, ship managers and other maritime customers procure the fuel needed to operate commercial vessels, serving as an intermediary between customers and marine fuel suppliers.

Uni-Fuels’ services are focused on marine fuel sourcing, procurement and delivery coordination. Its offerings are intended to help maritime customers manage fuel purchasing across international shipping routes, with solutions that may include conventional bunker fuels and other lower-emission fuel alternatives as the industry’s energy requirements evolve.

The company operates in the global maritime fuel market and works with customers and suppliers across multiple shipping geographies.