Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Sees Large Decrease in Short Interest

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,966,087 shares, a decrease of 39.0% from the May 31st total of 3,223,144 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 1,993,845 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. D. Boral Capital restated a “buy” rating and set a $3.50 price objective on shares of Big Sky Industrial Inc. Common Stock in a research report on Tuesday, March 10th. Wall Street Zen upgraded Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock to a “strong sell” rating in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.50.

Big Sky Industrial Inc. Common Stock Price Performance

BSIN stock traded up $0.04 on Thursday, hitting $1.12. 543,574 shares of the company’s stock traded hands, compared to its average volume of 5,837,788. Big Sky Industrial Inc. Common Stock has a 1-year low of $0.66 and a 1-year high of $1.52. The stock has a market cap of $58.86 million, a price-to-earnings ratio of -2.62 and a beta of 0.73. The stock has a fifty day moving average of $1.00 and a 200-day moving average of $0.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $1.60 million during the quarter, compared to analyst estimates of $1.63 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 49.96% and a negative net margin of 213.60%. On average, analysts forecast that Big Sky Industrial Inc. Common Stock will post -0.24 EPS for the current fiscal year.

Institutional Trading of Big Sky Industrial Inc. Common Stock

Several institutional investors and hedge funds have recently bought and sold shares of BSIN. Thompson Davis & CO. Inc. purchased a new stake in Big Sky Industrial Inc. Common Stock during the first quarter valued at about $71,000. Two Sigma Investments LP purchased a new position in shares of Big Sky Industrial Inc. Common Stock in the third quarter worth approximately $54,000. United Asset Strategies Inc. acquired a new stake in shares of Big Sky Industrial Inc. Common Stock during the fourth quarter valued at approximately $27,000. Citadel Advisors LLC purchased a new stake in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at approximately $26,000. Finally, XTX Topco Ltd lifted its position in shares of Big Sky Industrial Inc. Common Stock by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock valued at $63,000 after acquiring an additional 17,080 shares in the last quarter. Institutional investors and hedge funds own 3.00% of the company’s stock.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.