U.S. Energy Corp. (NASDAQ:USEG) Short Interest Update

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 137.5% from the February 29th total of 2,400 shares. Based on an average daily trading volume, of 40,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On U.S. Energy

A number of hedge funds have recently made changes to their positions in USEG. UBS Group AG raised its stake in shares of U.S. Energy by 2,578.0% in the third quarter. UBS Group AG now owns 8,623 shares of the energy company’s stock worth $25,000 after acquiring an additional 8,301 shares during the last quarter. Captrust Financial Advisors bought a new position in U.S. Energy during the first quarter worth about $44,000. Squarepoint Ops LLC bought a new stake in U.S. Energy in the first quarter valued at approximately $30,000. Northern Trust Corp bought a new position in U.S. Energy during the first quarter worth about $76,000. Finally, Renaissance Technologies LLC bought a new position in U.S. Energy in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on U.S. Energy in a research note on Sunday. They set a “sell” rating for the company.

U.S. Energy Stock Performance

NASDAQ USEG opened at $1.06 on Thursday. U.S. Energy has a twelve month low of $0.83 and a twelve month high of $2.69. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $1.03 and a 200 day simple moving average of $1.15.

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 continental 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 comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and Gulf Coast regions.