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 decrease in short interest during the month of March. As of March 15th, there was short interest totalling 491,300 shares, a decrease of 15.5% from the February 28th total of 581,600 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of U.S. Energy

Institutional investors have recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC purchased a new position in U.S. Energy during the 4th quarter valued at about $73,000. Renaissance Technologies LLC lifted its holdings in shares of 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 buying an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of 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 valued at $182,000 after acquiring an additional 23,756 shares during the period. Hedge funds and other institutional investors own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on USEG. D. Boral Capital reissued a “buy” rating and issued a $3.50 price objective on shares of U.S. Energy in a report on Thursday, March 13th. StockNews.com upgraded shares of U.S. Energy from a “sell” rating to a “hold” rating in a research note on Tuesday.

U.S. Energy Price Performance

NASDAQ:USEG opened at $1.20 on Wednesday. U.S. Energy has a 1 year low of $0.81 and a 1 year high of $6.40. The stock’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $1.65. The company has a market cap of $40.59 million, a P/E ratio of -0.91 and a beta of 0.69.

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.