U.S. Energy Corp. (NASDAQ:USEG) Short Interest Up 65.5% in January

U.S. Energy Corp. (NASDAQ:USEG) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 84,900 shares, an increase of 65.5% from the December 31st total of 51,300 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com began coverage on U.S. Energy in a report on Monday. They issued a “hold” rating for the company. D. Boral Capital reiterated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Friday, January 24th.

U.S. Energy Trading Up 4.6 %

Shares of USEG traded up $0.10 during trading hours on Friday, hitting $2.29. 433,782 shares of the stock traded hands, compared to its average volume of 8,293,859. The business has a fifty day moving average of $1.91 and a 200-day moving average of $1.43. The firm has a market capitalization of $80.52 million, a PE ratio of -1.73 and a beta of 0.63. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $6.40.

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.