Houston American Energy Corp. (NYSE:HUSA) Sees Large Increase in Short Interest

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 - ) 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. Based on an average daily 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 short sold. Currently, 2.9% of the company's stock are short sold. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is currently 0.2 days.

Houston American Energy Stock Down 2.7%

Shares of HUSA stock traded down $0.19 during mid-day trading on Friday, hitting $6.88. The company's stock had a trading volume of 197,815 shares, compared to its average volume of 593,933. Houston American Energy has a 52-week low of $3.85 and a 52-week high of $32.00. The business has a 50-day moving average price of $9.53 and a 200 day moving average price of $8.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.46 and a current ratio of 10.46. The stock has a market cap of $234.37 million, a price-to-earnings ratio of -21.50 and a beta of 0.89.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Houston American Energy stock. Jane Street Group LLC purchased a new position in Houston American Energy Corp. (NYSE:HUSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period. Institutional investors own 12.18% of the company's stock.

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.

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