Houston American Energy Corp. (NYSE:HUSA) Short Interest Up 42.3% in August

Key Points

• Houston American Energy Corp. (NYSE:HUSA) saw a 42.3% increase in short interest in August, rising to 163,500 shares from 114,900 on July 31st.
• A recent report indicates Jane Street Group LLC purchased 27,158 shares worth approximately $35,000, significantly increasing its stake in the company.
• As of the latest trading session, HUSA stock was priced at $6.55, reflecting a decline and a market cap of $221.67 million.

Houston American Energy Corp. (NYSE:HUSA - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 163,500 shares, an increase of 42.3% from the July 31st total of 114,900 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 0.1 days.

Houston American Energy Stock Down 2.7%

NYSE HUSA traded down $0.19 during 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. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.46 and a quick ratio of 10.46. 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 market cap of $232.83 million, a PE ratio of -21.50 and a beta of 0.89. The business's 50 day simple moving average is $9.53 and its 200-day simple moving average is $8.68.

Institutional Investors Weigh In On Houston American Energy

A hedge fund recently raised its stake in Houston American Energy stock. Jane Street Group LLC increased its position in shares of Houston American Energy Corp. (NYSE:HUSA - Free Report) by 77.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,325 shares of the company's stock after purchasing an additional 21,167 shares during the quarter. Jane Street Group LLC owned 0.31% of Houston American Energy worth $37,000 as of its most recent SEC filing. 12.18% of the stock is currently owned by institutional investors and hedge funds.

About Houston American Energy

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.