U.S. Energy Corp. (NASDAQ:USEG) Sees Large Growth in Short Interest

U.S. Energy Corp. (NASDAQ:USEG) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 54,700 shares, a growth of 78.8% from the November 30th total of 30,600 shares. Based on an average trading volume of 140,000 shares, the short-interest ratio is presently 0.4 days.

U.S. Energy Stock Performance

U.S. Energy stock traded up $0.08 during mid-day trading on Friday, reaching $1.62. 32,405 shares of the company were exchanged, compared to its average volume of 81,375. U.S. Energy has a 12-month low of $0.81 and a 12-month high of $1.91. The business has a fifty day moving average of $1.59 and a 200 day moving average of $1.24. The firm has a market cap of $45.30 million, a P/E ratio of -1.23 and a beta of 0.59.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of U.S. Energy in a report 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.