Short Interest in U.S. Geothermal Inc. (HTM) Rises By 0.4%
U.S. Geothermal Inc. (NYSE:HTM) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 969,957 shares, a growth of 0.4% from the September 15th total of 965,613 shares. Based on an average daily volume of 133,577 shares, the days-to-cover ratio is presently 7.3 days. Currently, 0.9% of the shares of the stock are short sold.
Shares of U.S. Geothermal (NYSE:HTM) opened at 0.6946 on Thursday. U.S. Geothermal has a one year low of $0.49 and a one year high of $0.90. The firm has a 50-day moving average of $0.72 and a 200-day moving average of $0.77. The firm has a market capitalization of $78.71 million and a P/E ratio of 77.1778.
Several research firms recently weighed in on HTM. Northland Securities began coverage on shares of U.S. Geothermal in a report on Tuesday, June 28th. They issued an “outperform” rating and a $1.00 price objective for the company. Zacks Investment Research raised shares of U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Wednesday, August 17th.
About U.S. Geothermal
U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.
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