Short Interest in U.S. Energy Corp. (NASDAQ:USEG) Decreases By 26.5%

U.S. Energy Corp. (NASDAQ:USEG) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 42,100 shares, a decline of 26.5% from the July 15th total of 57,300 shares. Based on an average daily trading volume, of 56,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of U.S. Energy

A hedge fund recently raised its stake in U.S. Energy stock. Verity Asset Management Inc. lifted its stake in shares of U.S. Energy Corp. (NASDAQ:USEG) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,494 shares of the energy company’s stock after purchasing an additional 17,772 shares during the quarter. Verity Asset Management Inc. owned about 0.37% of U.S. Energy worth $95,000 at the end of the most recent reporting period. Institutional investors own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on U.S. Energy in a research note on Thursday. They issued a “sell” rating for the company.

U.S. Energy Stock Performance

NASDAQ:USEG traded down $0.01 during midday trading on Thursday, reaching $0.93. 44,623 shares of the company traded hands, compared to its average volume of 67,037. U.S. Energy has a twelve month low of $0.81 and a twelve month high of $1.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.50 and a quick ratio of 0.50. The company has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.08. The firm has a market capitalization of $23.61 million, a price-to-earnings ratio of -0.58 and a beta of 0.45.

U.S. Energy (NASDAQ:USEG) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. U.S. Energy had a negative net margin of 145.83% and a negative return on equity of 74.13%. The company had revenue of $6.05 million during the quarter.

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.