Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Short Interest Update

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 798,367 shares, a decline of 47.7% from the July 15th total of 1,525,556 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 1,870,752 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Big Sky Industrial Inc. Common Stock

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd lifted its holdings in shares of Big Sky Industrial Inc. Common Stock by 61.5% in the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock worth $63,000 after buying an additional 17,080 shares in the last quarter. Two Sigma Investments LP purchased a new position in Big Sky Industrial Inc. Common Stock during the third quarter valued at $54,000. Citadel Advisors LLC purchased a new position in Big Sky Industrial Inc. Common Stock during the third quarter valued at $26,000. United Asset Strategies Inc. bought a new stake in Big Sky Industrial Inc. Common Stock in the 4th quarter valued at $27,000. Finally, State Street Corp lifted its stake in Big Sky Industrial Inc. Common Stock by 49.6% in the 4th quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after purchasing an additional 15,700 shares in the last quarter. Institutional investors own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BSIN. Weiss Ratings upgraded shares of Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research upgraded Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Johnson Rice upgraded Big Sky Industrial Inc. Common Stock from an “accumulate” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Big Sky Industrial Inc. Common Stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Big Sky Industrial Inc. Common Stock Price Performance

Shares of Big Sky Industrial Inc. Common Stock stock traded down $0.02 during trading hours on Tuesday, hitting $1.40. The company’s stock had a trading volume of 209,841 shares, compared to its average volume of 5,011,489. The company has a market cap of $73.25 million, a PE ratio of -5.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average price of $1.17 and a two-hundred day moving average price of $1.05. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.52.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last released its earnings results on Tuesday, August 11th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%.The firm had revenue of $2.13 million during the quarter, compared to analysts’ expectations of $2.04 million. Analysts expect that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current fiscal year.

Big Sky Industrial Inc. Common Stock Company Profile

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.