U.S. Energy Corp. (NASDAQ:USEG) Short Interest Up 117.8% in February

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 701,300 shares, a growth of 117.8% from the January 31st total of 322,000 shares. Based on an average daily volume of 3,710,000 shares, the days-to-cover ratio is presently 0.2 days.

U.S. Energy Trading Up 2.3 %

Shares of U.S. Energy stock traded up $0.04 on Tuesday, hitting $1.55. The stock had a trading volume of 482,361 shares, compared to its average volume of 5,880,391. The company's 50 day moving average price is $2.06 and its 200 day moving average price is $1.59. The stock has a market cap of $54.33 million, a price-to-earnings ratio of -1.17 and a beta of 0.71. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40.

Wall Street Analyst Weigh In

A number of analysts have weighed in on USEG shares. StockNews.com began coverage on shares of U.S. Energy in a report on Wednesday, February 12th. They set a "hold" rating on the stock. D. Boral Capital reiterated a "buy" rating and set a $3.50 price target on shares of U.S. Energy in a research note on Friday, January 24th.

Hedge Funds Weigh In On U.S. Energy

A number of hedge funds have recently modified their holdings of the business. Scissortail Wealth Management LLC acquired a new stake in U.S. Energy during the 4th quarter worth $73,000. Geode Capital Management LLC raised its holdings 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 valued at $182,000 after buying an additional 23,756 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of U.S. Energy by 24.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,900 shares of the energy company's stock worth $103,000 after buying an additional 12,400 shares during the period. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.