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

U.S. Energy Corp. (NASDAQ:USEG – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 53,600 shares, a decline of 50.6% from the April 15th total of 108,400 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.5% of the shares of the stock are short sold.

Separately, StockNews.com lowered shares of U.S. Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 6th.

U.S. Energy stock opened at $3.92 on Friday. The firm has a market cap of $97.51 million, a price-to-earnings ratio of -10.32 and a beta of 0.94. U.S. Energy has a 1 year low of $2.91 and a 1 year high of $13.92. The firm’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.05.

U.S. Energy (NASDAQ:USEG – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The energy company reported ($0.14) earnings per share (EPS) for the quarter. U.S. Energy had a negative return on equity of 12.39% and a negative net margin of 26.58%. The business had revenue of $8.87 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Friday, April 15th were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, April 13th. U.S. Energy’s payout ratio is -23.68%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. purchased a new position in U.S. Energy during the 3rd quarter worth approximately $31,000. Renaissance Technologies LLC purchased a new position in U.S. Energy during the 4th quarter worth approximately $73,000. Millennium Management LLC purchased a new position in U.S. Energy during the 4th quarter worth approximately $74,000. Northern Trust Corp purchased a new position in U.S. Energy during the 1st quarter worth approximately $76,000. Finally, Citadel Advisors LLC purchased a new position in U.S. Energy during the 4th quarter worth approximately $88,000. Hedge funds and other institutional investors own 1.59% of the company’s stock.

About U.S. Energy (Get Rating)

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas.

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