Houston American Energy Corp. (NYSE:HUSA - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 44,300 shares, a drop of 88.6% from the May 15th total of 387,600 shares. Based on an average daily volume of 36,000 shares, the short-interest ratio is currently 1.2 days. Currently, 3.5% of the shares of the company are short sold.
Hedge Funds Weigh In On Houston American Energy
A number of hedge funds have recently bought and sold shares of HUSA. Atria Wealth Solutions Inc. increased its holdings in shares of Houston American Energy by 346.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 243,808 shares of the company's stock worth $315,000 after purchasing an additional 189,214 shares during the period. Geode Capital Management LLC grew its position in Houston American Energy by 28.2% during the fourth quarter. Geode Capital Management LLC now owns 122,249 shares of the company's stock worth $158,000 after buying an additional 26,897 shares in the last quarter. XTX Topco Ltd increased its stake in Houston American Energy by 79.9% during the 4th quarter. XTX Topco Ltd now owns 30,809 shares of the company's stock worth $40,000 after acquiring an additional 13,688 shares during the period. Finally, Jane Street Group LLC acquired a new position in Houston American Energy in the 4th quarter valued at $35,000. 12.18% of the stock is owned by institutional investors.
Houston American Energy Stock Performance
Shares of HUSA traded up $1.68 during mid-day trading on Thursday, reaching $7.14. The company's stock had a trading volume of 6,369,515 shares, compared to its average volume of 103,403. The company has a current ratio of 10.46, a quick ratio of 10.46 and a debt-to-equity ratio of 0.01. Houston American Energy has a 1-year low of $3.85 and a 1-year high of $32.00. The business has a 50-day simple moving average of $5.80 and a two-hundred day simple moving average of $10.46. The stock has a market cap of $112.01 million, a P/E ratio of -22.31 and a beta of 0.39.
About Houston American Energy
(
Get Free Report)
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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