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

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 89,923 shares, a decrease of 49.8% from the June 15th total of 179,157 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 103,840 shares, the days-to-cover ratio is presently 0.9 days.

Uni-Fuels Stock Performance

NASDAQ UFG traded up $0.01 during trading on Wednesday, hitting $0.73. The stock had a trading volume of 9,306 shares, compared to its average volume of 623,686. The firm has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.93. Uni-Fuels has a twelve month low of $0.60 and a twelve month high of $11.00.

Uni-Fuels (NASDAQ:UFG) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $74.63 million for the quarter. As a group, analysts anticipate that Uni-Fuels will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Uni-Fuels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Uni-Fuels in the third quarter worth $399,000. BNP Paribas Financial Markets acquired a new stake in shares of Uni-Fuels in the third quarter valued at $183,000. Quadrature Capital Ltd purchased a new position in Uni-Fuels in the third quarter valued at $1,384,000. Squarepoint Ops LLC acquired a new position in Uni-Fuels during the 3rd quarter worth $107,000. Finally, Citadel Advisors LLC acquired a new position in Uni-Fuels during the 3rd quarter worth $106,000.

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.