U.S. Energy Corp. (NASDAQ:USEG) Short Interest Down 15.5% in March

U.S. Energy Corp. (NASDAQ:USEG) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 491,300 shares, a decline of 15.5% from the February 28th total of 581,600 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 3,790,000 shares, the days-to-cover ratio is currently 0.1 days.

U.S. Energy Trading Up 2.5 %

Shares of U.S. Energy stock opened at $1.23 on Thursday. The business has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $1.65. The company has a market cap of $41.60 million, a P/E ratio of -0.93 and a beta of 0.69. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $6.40.

Wall Street Analyst Weigh In

A number of equities analysts have commented on USEG shares. D. Boral Capital reaffirmed a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a research report on Thursday, March 13th. StockNews.com raised shares of U.S. Energy from a “sell” rating to a “hold” rating in a report on Tuesday.

Institutional Investors Weigh In On U.S. Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in U.S. Energy by 27.1% in the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after purchasing an additional 23,756 shares during the period. Renaissance Technologies LLC raised its stake in shares of U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company’s stock valued at $103,000 after purchasing an additional 12,400 shares during the period. Finally, Scissortail Wealth Management LLC purchased a new position in U.S. Energy during the fourth quarter valued at approximately $73,000. 3.00% of the stock is owned by hedge funds and other institutional investors.

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.