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

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 30,600 shares, a decrease of 67.4% from the November 15th total of 93,900 shares. Based on an average daily volume of 132,700 shares, the days-to-cover ratio is currently 0.2 days.

U.S. Energy Stock Down 0.6 %

Shares of U.S. Energy stock traded down $0.01 during midday trading on Wednesday, hitting $1.69. The company had a trading volume of 29,413 shares, compared to its average volume of 82,003. The stock has a market cap of $47.26 million, a price-to-earnings ratio of -1.29 and a beta of 0.59. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.20. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.91.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of U.S. Energy in a research note on Wednesday, November 27th. They set a “hold” rating on the stock.

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.