Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Short Interest Update

Key Points

• Short interest fell 47.7% to 798,367 shares as of July 31, representing 2.2% of shares outstanding and a short-interest ratio of 0.4 days.
• Institutional ownership remains limited at 3.0%, although several hedge funds increased or initiated positions, including XTX Topco and State Street.
• Analyst sentiment is mixed but averages a “Hold” rating with a $3.50 consensus price target. The stock recently traded at $1.43, while the company reported a quarterly loss of $0.04 per share but exceeded revenue and EPS estimates.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 798,367 shares, a decrease of 47.7% from the July 15th total of 1,525,556 shares. Based on an average daily volume of 1,870,752 shares, the short-interest ratio is presently 0.4 days. Currently, 2.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd boosted its holdings in Big Sky Industrial Inc. Common Stock by 61.5% in the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company's stock valued at $63,000 after acquiring an additional 17,080 shares during the last quarter. Two Sigma Investments LP bought a new position in Big Sky Industrial Inc. Common Stock during the 3rd quarter worth approximately $54,000. Citadel Advisors LLC bought a new position in Big Sky Industrial Inc. Common Stock during the 3rd quarter worth approximately $26,000. United Asset Strategies Inc. bought a new position in Big Sky Industrial Inc. Common Stock during the 4th quarter worth approximately $27,000. Finally, State Street Corp lifted its position in shares of Big Sky Industrial Inc. Common Stock by 49.6% in the 4th quarter. State Street Corp now owns 47,371 shares of the energy company's stock worth $44,000 after purchasing an additional 15,700 shares during the period. 3.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings raised Big Sky Industrial Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 30th. Wall Street Zen raised Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Big Sky Industrial Inc. Common Stock presently has an average rating of "Hold" and a consensus target price of $3.50.

Big Sky Industrial Inc. Common Stock Trading Up 5.1%

Shares of Big Sky Industrial Inc. Common Stock stock traded up $0.07 during trading on Friday, hitting $1.43. The company's stock had a trading volume of 1,336,067 shares, compared to its average volume of 1,757,738. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.92. Big Sky Industrial Inc. Common Stock has a 52 week low of $0.66 and a 52 week high of $1.52. The stock has a market cap of $74.82 million, a price-to-earnings ratio of -5.11 and a beta of 0.74. The stock has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $1.05.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last announced its earnings results on Tuesday, August 11th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $2.13 million during the quarter, compared to analyst estimates of $2.04 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%. Equities research analysts anticipate that Big Sky Industrial Inc. Common Stock will post -0.24 EPS for the current fiscal year.

Big Sky Industrial Inc. Common Stock Company Profile

U.S. Energy Corp. NASDAQ: USEG is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company's activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.

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