Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Declines By 30.6%

U.S. Energy Corp. (NASDAQ:USEGGet Rating) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 66,500 shares, a decline of 30.6% from the August 15th total of 95,800 shares. Based on an average daily volume of 176,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of USEG. Verity Asset Management Inc. acquired a new position in shares of U.S. Energy during the 1st quarter valued at about $173,000. Vanguard Group Inc. increased its position in U.S. Energy by 45.7% during the 1st quarter. Vanguard Group Inc. now owns 212,870 shares of the energy company’s stock worth $926,000 after purchasing an additional 66,764 shares in the last quarter. Northern Trust Corp acquired a new stake in U.S. Energy during the 1st quarter worth approximately $76,000. Renaissance Technologies LLC increased its position in U.S. Energy by 1,620.0% during the 1st quarter. Renaissance Technologies LLC now owns 385,290 shares of the energy company’s stock worth $1,676,000 after purchasing an additional 362,890 shares in the last quarter. Finally, State Street Corp acquired a new stake in U.S. Energy during the 1st quarter worth approximately $148,000. Institutional investors and hedge funds own 49.89% of the company’s stock.

Analysts Set New Price Targets

USEG has been the subject of several analyst reports. TheStreet raised shares of U.S. Energy from a “d” rating to a “c-” rating in a research note on Tuesday, June 7th. StockNews.com raised shares of U.S. Energy from a “sell” rating to a “hold” rating in a research note on Tuesday.

U.S. Energy Trading Down 3.6 %

NASDAQ USEG opened at $3.25 on Wednesday. U.S. Energy has a 12 month low of $2.91 and a 12 month high of $13.92. The company has a 50-day moving average of $3.53 and a 200-day moving average of $4.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $81.00 million, a P/E ratio of -7.39 and a beta of 0.96.

U.S. Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Stockholders of record on Monday, August 8th were paid a dividend of $0.023 per share. The ex-dividend date was Friday, August 5th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from U.S. Energy’s previous quarterly dividend of $0.02. U.S. Energy’s dividend payout ratio is currently -20.45%.

About U.S. Energy

(Get Rating)

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas.

Featured Stories

Receive News & Ratings for U.S. Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Energy and related companies with MarketBeat.com's FREE daily email newsletter.