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

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

U.S. Energy Price Performance

NASDAQ:USEG traded up $0.05 during trading hours on Friday, reaching $2.24. 1,019,094 shares of the stock were exchanged, compared to its average volume of 8,202,358. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $6.40. The stock has a market cap of $78.76 million, a PE ratio of -1.70 and a beta of 0.63. The firm has a 50 day moving average of $1.92 and a 200 day moving average of $1.44.

Wall Street Analyst Weigh In

USEG has been the topic of a number of research analyst reports. D. Boral Capital restated a “buy” rating and set a $3.50 price objective on shares of U.S. Energy in a report on Friday, January 24th. StockNews.com started coverage on U.S. Energy in a research note on Monday, January 27th. They issued a “hold” rating on the stock.

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.