Uni-Fuels Holdings Limited (NASDAQ:UFG) Short Interest Down 49.8% in June

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 89,923 shares, a drop of 49.8% from the June 15th total of 179,157 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,840 shares, the short-interest ratio is currently 0.9 days.

Uni-Fuels Stock Up 1.4%

Shares of UFG traded up $0.01 during midday trading on Wednesday, reaching $0.73. The company had a trading volume of 9,306 shares, compared to its average volume of 623,686. Uni-Fuels has a 1-year low of $0.60 and a 1-year high of $11.00. The firm has a 50 day simple moving average of $0.77 and a 200-day simple moving average of $0.93.

Uni-Fuels (NASDAQ:UFG) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.10) EPS for the quarter. The firm had revenue of $74.63 million during the quarter. As a group, equities analysts forecast that Uni-Fuels will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Uni-Fuels

Institutional investors and hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC purchased a new stake in shares of Uni-Fuels in the 4th quarter valued at approximately $61,000. Citadel Advisors LLC purchased a new stake in shares of Uni-Fuels during the 3rd quarter valued at approximately $106,000. Squarepoint Ops LLC acquired a new position in Uni-Fuels in the third quarter valued at approximately $107,000. BNP Paribas Financial Markets acquired a new position in Uni-Fuels in the third quarter valued at approximately $183,000. Finally, JPMorgan Chase & Co. purchased a new position in Uni-Fuels in the third quarter worth approximately $399,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uni-Fuels in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Uni-Fuels Company Profile

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.