U.S. Energy Corp. (NASDAQ:USEG) Short Interest Down 17.1% in February

U.S. Energy Corp. (NASDAQ:USEG) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 581,600 shares, a decline of 17.1% from the February 13th total of 701,300 shares. Based on an average daily volume of 3,750,000 shares, the short-interest ratio is presently 0.2 days. Approximately 5.7% of the company’s stock are sold short.

U.S. Energy Stock Performance

USEG opened at $1.45 on Tuesday. The stock has a market capitalization of $50.99 million, a P/E ratio of -1.10 and a beta of 0.69. The company’s 50-day simple moving average is $2.02 and its two-hundred day simple moving average is $1.62. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40.

Hedge Funds Weigh In On U.S. Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Scissortail Wealth Management LLC bought a new position in U.S. Energy during the 4th quarter valued at about $73,000. Renaissance Technologies LLC lifted its stake in U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after acquiring an additional 12,400 shares during the period. Finally, Geode Capital Management LLC lifted its stake in U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after acquiring an additional 23,756 shares during the period. Institutional investors own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of U.S. Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. D. Boral Capital reiterated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a research note on Thursday, March 13th.

U.S. Energy Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the 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 region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions.