Houston American Energy Co. (NYSEAMERICAN:HUSA) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,520,000 shares, a growth of 44.8% from the September 30th total of 1,050,000 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily trading volume, of 356,200 shares, the short-interest ratio is presently 4.3 days.
A hedge fund recently raised its stake in Houston American Energy stock. Susquehanna International Group LLP raised its holdings in Houston American Energy Co. (NYSEAMERICAN:HUSA) by 328.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,238 shares of the oil and gas exploration company’s stock after purchasing an additional 102,938 shares during the period. Susquehanna International Group LLP owned about 0.21% of Houston American Energy worth $27,000 as of its most recent SEC filing.
HUSA opened at $0.17 on Thursday. Houston American Energy has a 52-week low of $0.17 and a 52-week high of $0.37.
About Houston American Energy
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the United States and South America. Its oil and gas properties are located primarily in the South American country of Colombia; and in the onshore Gulf Coast region of Texas and Louisiana.
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