Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Decreases By 17.1%

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 581,600 shares, a drop of 17.1% from the February 13th total of 701,300 shares. Based on an average daily volume of 3,750,000 shares, the short-interest ratio is currently 0.2 days. Currently, 5.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in USEG. Scissortail Wealth Management LLC bought a new position in U.S. Energy in the fourth quarter worth approximately $73,000. Renaissance Technologies LLC boosted its holdings in U.S. Energy by 24.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock worth $103,000 after acquiring an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 worth $182,000 after acquiring an additional 23,756 shares in the last quarter. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Price Performance

NASDAQ USEG opened at $1.47 on Thursday. The business has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.63. U.S. Energy has a one year low of $0.81 and a one year high of $6.40. The stock has a market capitalization of $51.69 million, a P/E ratio of -1.11 and a beta of 0.69.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised U.S. Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th. D. Boral Capital reaffirmed a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research note on Thursday, March 13th.

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.