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

U.S. Energy Corp. (NASDAQ:USEG) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 30,600 shares, a drop of 67.4% from the November 15th total of 93,900 shares. Based on an average daily volume of 132,700 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of U.S. Energy in a research report on Wednesday, November 27th. They issued a “hold” rating on the stock.

U.S. Energy Price Performance

Shares of NASDAQ:USEG traded down $0.01 during midday trading on Wednesday, hitting $1.69. 29,413 shares of the company’s stock were exchanged, compared to its average volume of 82,003. The stock has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.20. The company has a market cap of $47.26 million, a PE ratio of -1.29 and a beta of 0.59. U.S. Energy has a 12 month low of $0.81 and a 12 month high of $1.91.

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.