U.S. Energy Corp. (NASDAQ:USEG) Sees Significant Decrease in Short Interest

U.S. Energy Corp. (NASDAQ:USEG) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 30,600 shares, a decline of 67.4% from the November 15th total of 93,900 shares. Based on an average daily volume of 132,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on U.S. Energy in a report on Wednesday, November 27th. They issued a “hold” rating on the stock.

U.S. Energy Stock Performance

USEG stock opened at $1.69 on Thursday. The firm has a 50-day simple moving average of $1.55 and a two-hundred day simple moving average of $1.20. U.S. Energy has a one year low of $0.81 and a one year high of $1.91. The firm has a market cap of $47.26 million, a price-to-earnings ratio of -1.28 and a beta of 0.59.

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 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.