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

U.S. Energy Corp. (NASDAQ:USEG) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 26,400 shares, an increase of 31.3% from the August 31st total of 20,100 shares. Based on an average trading volume of 59,800 shares, the short-interest ratio is currently 0.4 days.

U.S. Energy Stock Up 12.5 %

Shares of U.S. Energy stock opened at $1.17 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.50 and a current ratio of 0.50. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $1.67. The company’s 50 day moving average price is $0.96 and its 200-day moving average price is $1.06. The stock has a market capitalization of $29.59 million, a price-to-earnings ratio of -0.73 and a beta of 0.47.

U.S. Energy (NASDAQ:USEG) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $6.05 million for the quarter. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on U.S. Energy in a report on Tuesday, September 24th. They set a “sell” rating for the company.

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.