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

U.S. Energy Corp. (NASDAQ:USEG) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 54,700 shares, an increase of 78.8% from the November 30th total of 30,600 shares. Based on an average daily volume of 140,000 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

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

U.S. Energy Trading Up 5.2 %

USEG stock traded up $0.08 during trading hours on Friday, hitting $1.62. 32,405 shares of the stock traded hands, compared to its average volume of 81,375. The stock has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $1.24. The company has a market cap of $45.30 million, a P/E ratio of -1.23 and a beta of 0.59. U.S. Energy has a one year low of $0.81 and a one year high of $1.91.

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.