Houston American Energy Corp. (NYSE:HUSA) Short Interest Update

Key Points

• Houston American Energy Corp. (NYSE:HUSA) experienced a 94.2% increase in short interest in August, with 317,500 shares short sold as of August 31.
• The company’s stock price fell by 2.7%, trading at $6.88, significantly down from its 52-week high of $32.00.
• Institutional ownership is relatively low, with only 12.18% of the company's stock held by institutional investors, though Jane Street Group recently bought 27,158 shares valued at approximately $35,000.

Houston American Energy Corp. (NYSE:HUSA - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 317,500 shares, a growth of 94.2% from the August 15th total of 163,500 shares. Currently, 2.9% of the company's stock are sold short. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.9% of the company's stock are sold short.

Institutional Investors Weigh In On Houston American Energy

An institutional investor recently bought a new position in Houston American Energy stock. Jane Street Group LLC purchased a new stake in Houston American Energy Corp. (NYSE:HUSA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,158 shares of the company's stock, valued at approximately $35,000. Jane Street Group LLC owned about 0.21% of Houston American Energy as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.18% of the company's stock.

Houston American Energy Stock Performance

Shares of NYSE:HUSA traded down $0.13 during midday trading on Friday, hitting $6.59. The company's stock had a trading volume of 120,357 shares, compared to its average volume of 580,653. The stock has a market capitalization of $224.49 million, a price-to-earnings ratio of -20.59 and a beta of 0.89. The stock's 50 day simple moving average is $9.15 and its 200 day simple moving average is $8.54. Houston American Energy has a fifty-two week low of $3.85 and a fifty-two week high of $32.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.46 and a current ratio of 10.46.

Houston American Energy Company Profile

Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region.