U.S. Geothermal Inc. (NYSE:HTM) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,005,451 shares, an increase of 8.6% from the October 14th total of 926,190 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 138,393 shares, the short-interest ratio is currently 7.3 days.

U.S. Geothermal (NYSE:HTM) opened at 3.87 on Friday. The company’s 50-day moving average is $0.88 and its 200-day moving average is $0.81. The company has a market cap of $73.09 million and a P/E ratio of 70.36. U.S. Geothermal has a 12 month low of $0.49 and a 12 month high of $4.25.

Several research analysts have recently issued reports on HTM shares. Zacks Investment Research upgraded shares of U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Wednesday, August 17th. Raymond James Financial Inc. upgraded shares of U.S. Geothermal from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $10.00 to $5.00 in a research note on Thursday. Five research analysts have rated the stock with a buy rating, U.S. Geothermal presently has an average rating of “Buy” and an average price target of $1.79.

An institutional investor recently raised its position in U.S. Geothermal stock. Wells Fargo & Company MN boosted its position in U.S. Geothermal Inc. (NYSE:HTM) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,549,366 shares of the company’s stock after buying an additional 12,671 shares during the period. Wells Fargo & Company MN owned about 1.37% of U.S. Geothermal worth $1,122,000 at the end of the most recent quarter.

U.S. Geothermal Company Profile

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.

5 Day Chart for NYSE:HTM

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