Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Increases By 117.8%

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 701,300 shares, an increase of 117.8% from the January 31st total of 322,000 shares. Based on an average trading volume of 3,710,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several brokerages have issued reports on USEG. StockNews.com began coverage on U.S. Energy in a report on Wednesday, February 12th. They issued a “hold” rating on the stock. D. Boral Capital reiterated a “buy” rating and issued a $3.50 price target on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Stock Up 2.5 %

NASDAQ:USEG traded up $0.04 on Friday, hitting $1.64. The stock had a trading volume of 420,415 shares, compared to its average volume of 6,154,736. U.S. Energy has a 52 week low of $0.81 and a 52 week high of $6.40. The business’s fifty day moving average is $2.06 and its 200 day moving average is $1.58. The company has a market cap of $57.67 million, a PE ratio of -1.24 and a beta of 0.71.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after purchasing an additional 12,400 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of U.S. Energy by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares in the last quarter. Finally, Scissortail Wealth Management LLC bought a new position in shares of U.S. Energy in the fourth quarter valued at approximately $73,000. Institutional investors own 3.00% of the company’s stock.

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 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.