U.S. Energy Corp. (NASDAQ:USEG) Short Interest Update

U.S. Energy Corp. (NASDAQ:USEG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 84,900 shares, an increase of 65.5% from the December 31st total of 51,300 shares. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.5% of the shares of the stock are short sold.

U.S. Energy Trading Up 2.3 %

Shares of NASDAQ:USEG traded up $0.05 during trading on Friday, hitting $2.24. 1,019,094 shares of the company’s stock were exchanged, compared to its average volume of 8,202,358. The firm has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $1.44. U.S. Energy has a 1-year low of $0.81 and a 1-year high of $6.40. The firm has a market cap of $78.76 million, a P/E ratio of -1.70 and a beta of 0.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on USEG shares. StockNews.com initiated coverage on shares of U.S. Energy in a report on Monday, January 27th. They issued a “hold” rating on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 target price on shares of U.S. Energy in a research note on Friday, January 24th.

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.