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

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the recipient of a significant increase in short interest during 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. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 724,087 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Uni-Fuels Price Performance

UFG stock opened at $0.70 on Friday. The company’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.91. Uni-Fuels has a 12 month low of $0.60 and a 12 month high of $11.00.

Institutional Inflows and Outflows

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

Uni-Fuels Company Profile

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.