Uni-Fuels Holdings Limited (NASDAQ:UFG) Short Interest Down 56.6% in September

Key Points

• Uni-Fuels Holdings Limited (NASDAQ:UFG) experienced a significant drop in short interest, decreasing by 56.6% in September, with a current total of 73,700 shares sold short.
• The company's stock opened at $1.45 and has a 52-week low of $1.12 and a high of $11.00.
• Hedge fund Marex Group plc purchased a new stake in Uni-Fuels during the second quarter, acquiring 46,882 shares valued at approximately $105,000.

Uni-Fuels Holdings Limited (NASDAQ:UFG - ) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 73,700 shares, a decline of 56.6% from the August 31st total of 169,800 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.4% of the shares of the company are sold short.

Uni-Fuels Trading Down 71.2%

Shares of NASDAQ:UFG opened at $1.45 on Friday. The business has a 50-day moving average of $5.36. Uni-Fuels has a fifty-two week low of $1.12 and a fifty-two week high of $11.00.

Hedge Funds Weigh In On Uni-Fuels

A hedge fund recently bought a new stake in Uni-Fuels stock. Marex Group plc purchased a new position in Uni-Fuels Holdings Limited (NASDAQ:UFG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,882 shares of the company's stock, valued at approximately $105,000. Marex Group plc owned about 0.16% of Uni-Fuels as of its most recent filing with the Securities and Exchange Commission.

About Uni-Fuels

We are a service provider of marine fuels solutions headquartered in Singapore. We market, resell and broker marine fuels products such as very low sulfur fuel oil (“VLSFO”), high sulfur fuel oil (“HSFO”), and marine gas oil (“MGO”). We offer these products to shipping companies and marine fuels suppliers worldwide in-port and offshore.

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