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

U.S. Energy Corp. (NASDAQ:USEG) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 491,300 shares, a drop of 15.5% from the February 28th total of 581,600 shares. Based on an average daily trading volume, of 3,790,000 shares, the short-interest ratio is presently 0.1 days. Approximately 4.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Scissortail Wealth Management LLC bought a new stake in U.S. Energy during the fourth quarter worth about $73,000. Geode Capital Management LLC raised its holdings in shares of U.S. Energy by 27.1% during the 4th quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company’s stock valued at $182,000 after buying an additional 23,756 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in U.S. Energy by 24.6% in the 4th 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 during the last quarter. Institutional investors own 3.00% of the company’s stock.

U.S. Energy Price Performance

Shares of NASDAQ:USEG opened at $1.20 on Wednesday. U.S. Energy has a one year low of $0.81 and a one year high of $6.40. The firm has a market capitalization of $40.59 million, a price-to-earnings ratio of -0.91 and a beta of 0.69. The company’s fifty day moving average price is $1.82 and its 200-day moving average price is $1.65.

Wall Street Analyst Weigh In

USEG has been the subject of several recent analyst reports. D. Boral Capital restated a “buy” rating and set a $3.50 target price on shares of U.S. Energy in a research report on Thursday, March 13th. StockNews.com upgraded U.S. Energy from a “sell” rating to a “hold” rating in a research report on Tuesday.

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.