Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Expands By 75.0%

U.S. Energy Corp. (NASDAQ:USEG) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 46,200 shares, an increase of 75.0% from the September 15th total of 26,400 shares. Based on an average daily volume of 95,600 shares, the days-to-cover ratio is currently 0.5 days.

U.S. Energy Stock Performance

Shares of NASDAQ:USEG traded up $0.14 during trading on Friday, reaching $1.43. 242,280 shares of the company’s stock traded hands, compared to its average volume of 77,587. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.50 and a quick ratio of 0.50. The company has a 50 day moving average of $1.01 and a 200-day moving average of $1.08. The stock has a market capitalization of $40.11 million, a P/E ratio of -0.90 and a beta of 0.49. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $1.67.

U.S. Energy (NASDAQ:USEG) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $6.05 million during the quarter. U.S. Energy had a negative return on equity of 74.13% and a negative net margin of 145.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on U.S. Energy in a research report on Thursday. They set a “sell” rating on the stock.

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.