Uni-Fuels Holdings Limited (NASDAQ:UFG) Sees Significant Increase in Short Interest

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 367,651 shares, a growth of 222.2% from the August 31st total of 114,122 shares. Based on an average daily volume of 11,415,817 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.1% of the shares of the stock are sold short.

Uni-Fuels Trading Down 2.9%

Shares of UFG stock traded down $0.02 on Friday, hitting $0.50. 138,833 shares of the stock traded hands, compared to its average volume of 5,909,273. The firm’s 50-day moving average price is $0.59 and its two-hundred day moving average price is $0.75. Uni-Fuels has a twelve month low of $0.45 and a twelve month high of $8.40.

Uni-Fuels (NASDAQ:UFG) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $98.55 million for the quarter. As a group, equities analysts predict that Uni-Fuels will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Uni-Fuels Company Profile

Uni-Fuels Holdings Limited is a Singapore-based provider of marine fuel solutions. The company helps shipowners, ship managers and other maritime customers procure the fuel needed to operate commercial vessels, serving as an intermediary between customers and marine fuel suppliers.

Uni-Fuels’ services are focused on marine fuel sourcing, procurement and delivery coordination. Its offerings are intended to help maritime customers manage fuel purchasing across international shipping routes, with solutions that may include conventional bunker fuels and other lower-emission fuel alternatives as the industry’s energy requirements evolve.

The company operates in the global maritime fuel market and works with customers and suppliers across multiple shipping geographies.