U.S. Energy Corp. (NASDAQ:USEG) Traded Above Its 50 Day Average

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It is trading at $0.80 a bit higher than the 50 day moving average which is $0.75 and a tad higher than the 200 day moving average of $0.80. The 50 day moving average was up by +6.50% and the 200 day average went up by +0.50%. Trading was light with 12K shares changing hands in the last trading session. Volume was down 90.05% under the stocks average daily volume.

Traders are feeling more bearish on shares of U.S. Energy Corp. lately if you evaluate the change in short interest. The company had a rise in short interest from August 15, 2017 to August 31, 2017 of 7.05%. Short shares grew 18,039 over that timeframe. The short-interest ratio decreased to 13.0 and the short interest percentage is 0.05% as of August 31.

The company’s P/E ratio is 17.02 and market cap is 4.91M.

U.S. Energy Corp. (U.S. Energy), incorporated in 1966, is an independent energy company focused on the acquisition and development of oil and gas producing properties in the continental United States. The Business’s business activities are focused on South Texas and the Williston Basin in North Dakota. The Company operates through Oil and Gas segment. The Business’s operating partners also produce, transport, market and account for all oil and gas production..