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

Uni-Fuels Holdings Limited (NASDAQ:UFG) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 179,157 shares, a growth of 88.0% from the May 31st total of 95,316 shares. Based on an average trading volume of 877,234 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Uni-Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cantor Fitzgerald L. P. purchased a new stake in Uni-Fuels in the third quarter valued at $1,010,000. Citadel Advisors LLC purchased a new position in shares of Uni-Fuels during the third quarter worth about $106,000. Squarepoint Ops LLC acquired a new stake in shares of Uni-Fuels during the third quarter worth about $107,000. JPMorgan Chase & Co. purchased a new stake in shares of Uni-Fuels in the 3rd quarter valued at about $399,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Uni-Fuels in the 3rd quarter valued at about $1,384,000.

Uni-Fuels Stock Performance

UFG stock opened at $0.69 on Friday. The business has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.94. Uni-Fuels has a fifty-two week low of $0.60 and a fifty-two week high of $11.00.

Uni-Fuels (NASDAQ:UFG) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.10) EPS for the quarter. The business had revenue of $74.63 million for the quarter. Analysts forecast that Uni-Fuels will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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