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 - ) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 163,500 shares, agrowthof42.3% from the July 31st total of 114,900 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,158 shares of the company's stock, valued at approximately $35,000. Jane Street Group LLC owned approximately 0.21% of Houston American Energy as of its most recent SEC filing. 12.18% of the stock is owned by institutional investors and hedge funds.

Houston American Energy Price Performance

HUSA stock traded down $0.91 during mid-day trading on Monday, reaching $6.55. 199,847 shares of the company traded hands, compared to its average volume of 601,500. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.46 and a quick ratio of 10.46. The company has a market capitalization of $221.67 million, a P/E ratio of -20.47 and a beta of 0.89. Houston American Energy has a 52-week low of $3.85 and a 52-week high of $32.00. The company has a fifty day moving average price of $9.78 and a 200-day moving average price of $8.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.