U.S. Energy Corp. (NASDAQ:USEG) Short Interest Up 65.5% in January

U.S. Energy Corp. (NASDAQ:USEG - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 84,900 shares, a growth of 65.5% from the December 31st total of 51,300 shares. Currently, 2.5% of the company's stock are sold short. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on USEG shares. StockNews.com assumed coverage on U.S. Energy in a research report on Tuesday. They set a "hold" rating on the stock. D. Boral Capital restated a "buy" rating and issued a $3.50 target price on shares of U.S. Energy in a report on Friday, January 24th.

U.S. Energy Stock Down 10.0 %

NASDAQ USEG traded down $0.26 on Tuesday, reaching $2.35. The company had a trading volume of 3,284,060 shares, compared to its average volume of 10,254,910. The company's fifty day moving average is $1.94 and its 200 day moving average is $1.45. U.S. Energy has a 52-week low of $0.81 and a 52-week high of $6.40. The stock has a market capitalization of $82.63 million, a P/E ratio of -1.78 and a beta of 0.71.

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.