U.S. Energy Corp. (NASDAQ:USEG) Sees Significant Decrease in Short Interest

U.S. Energy Corp. (NASDAQ:USEG) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 43,200 shares, a decrease of 61.4% from the October 15th total of 111,800 shares. Based on an average daily volume of 113,000 shares, the short-interest ratio is presently 0.4 days.

U.S. Energy Trading Up 2.7 %

Shares of U.S. Energy stock opened at $1.46 on Wednesday. The company has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.11. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.50 and a current ratio of 0.50.

U.S. Energy (NASDAQ:USEG) last issued its earnings results on Tuesday, November 12th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $4.96 million during the quarter, compared to analyst estimates of $5.14 million. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%. As a group, equities analysts expect that U.S. Energy will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of U.S. Energy in a report on Monday. They issued a “sell” rating for the company.

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.