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

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 581,600 shares, a drop of 17.1% from the February 13th total of 701,300 shares. Based on an average daily volume of 3,750,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.7% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on USEG. D. Boral Capital reaffirmed a "buy" rating and issued a $3.50 price objective on shares of U.S. Energy in a research note on Thursday, March 13th. StockNews.com lowered U.S. Energy from a "hold" rating to a "sell" rating in a research note on Friday.

U.S. Energy Stock Down 2.8 %

NASDAQ:USEG traded down $0.04 on Friday, hitting $1.37. The stock had a trading volume of 353,478 shares, compared to its average volume of 1,056,876. The company has a market cap of $46.33 million, a PE ratio of -1.04 and a beta of 0.69. U.S. Energy has a 52 week low of $0.81 and a 52 week high of $6.40. The business's fifty day moving average is $1.99 and its 200 day moving average is $1.63.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in USEG. Scissortail Wealth Management LLC acquired a new stake in shares of U.S. Energy in the 4th quarter worth about $73,000. Renaissance Technologies LLC increased its holdings in U.S. Energy by 24.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company's stock worth $103,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of U.S. Energy by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 111,528 shares of the energy company's stock worth $182,000 after purchasing an additional 23,756 shares during the last quarter. 3.00% of the stock is owned by institutional investors.

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.