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

U.S. Energy Corp. (NASDAQ:USEGGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 54,700 shares, an increase of 78.8% from the November 30th total of 30,600 shares. Based on an average daily volume of 140,000 shares, the short-interest ratio is currently 0.4 days.

U.S. Energy Stock Up 5.2 %

USEG stock traded up $0.08 during trading on Friday, reaching $1.62. 32,405 shares of the company’s stock were exchanged, compared to its average volume of 81,375. The firm has a market cap of $45.30 million, a PE ratio of -1.23 and a beta of 0.59. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $1.91. The company’s fifty day moving average price is $1.59 and its 200-day moving average price is $1.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on U.S. Energy in a research report on Wednesday, November 27th. They set a “hold” rating for the company.

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About U.S. Energy

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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.

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