U.S. Energy Corp. (NASDAQ:USEG) Short Interest Update

U.S. Energy Corp. (NASDAQ:USEG) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 65,200 shares, a decline of 21.7% from the August 15th total of 83,300 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is presently 1.3 days.

U.S. Energy Price Performance

U.S. Energy stock opened at $1.43 on Friday. The company’s 50 day simple moving average is $1.46 and its 200-day simple moving average is $1.51. The company has a market capitalization of $36.48 million, a price-to-earnings ratio of -23.83 and a beta of 0.94. U.S. Energy has a 1 year low of $1.22 and a 1 year high of $3.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 0.52.

U.S. Energy (NASDAQ:USEG) last announced its earnings results on Monday, August 14th. The energy company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). U.S. Energy had a negative return on equity of 1.89% and a negative net margin of 3.80%. The business had revenue of $7.98 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of U.S. Energy in a research note on Wednesday. They set a “sell” rating on the stock.

Institutional Investors Weigh In On U.S. Energy

Several large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in U.S. Energy during the 1st quarter worth approximately $30,000. Renaissance Technologies LLC grew its holdings in U.S. Energy by 126.6% during the 1st quarter. Renaissance Technologies LLC now owns 43,504 shares of the energy company’s stock worth $77,000 after acquiring an additional 24,304 shares in the last quarter. UBS Group AG grew its holdings in U.S. Energy by 2,578.0% during the 3rd quarter. UBS Group AG now owns 8,623 shares of the energy company’s stock worth $25,000 after acquiring an additional 8,301 shares in the last quarter. Millennium Management LLC grew its holdings in U.S. Energy by 44.2% during the 2nd quarter. Millennium Management LLC now owns 29,403 shares of the energy company’s stock worth $102,000 after acquiring an additional 9,019 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in U.S. Energy during the 1st quarter worth approximately $281,000. 2.77% of the stock is owned by hedge funds and other institutional investors.

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 continental 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 comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and Gulf Coast regions.