Short Interest in Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Drops By 39.0%

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,966,087 shares, a drop of 39.0% from the May 31st total of 3,223,144 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average trading volume of 1,993,845 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Several brokerages have commented on BSIN. Zacks Research raised Big Sky Industrial Inc. Common Stock to a “strong sell” rating in a research report on Monday, June 8th. D. Boral Capital reissued a “buy” rating and issued a $3.50 price target on shares of Big Sky Industrial Inc. Common Stock in a research report on Tuesday, March 10th. Weiss Ratings raised Big Sky Industrial Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.50.

Big Sky Industrial Inc. Common Stock Price Performance

BSIN stock remained flat at $1.10 during midday trading on Friday. The company had a trading volume of 1,842,154 shares, compared to its average volume of 2,116,553. The business’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $0.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $57.55 million, a price-to-earnings ratio of -2.56 and a beta of 0.73. Big Sky Industrial Inc. Common Stock has a 1 year low of $0.66 and a 1 year high of $1.52.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.63 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 49.96% and a negative net margin of 213.60%. On average, equities analysts predict that Big Sky Industrial Inc. Common Stock will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

Several large investors have recently bought and sold shares of the business. XTX Topco Ltd boosted its stake in 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 valued at $63,000 after acquiring an additional 17,080 shares during the last quarter. United Asset Strategies Inc. bought a new stake in shares of Big Sky Industrial Inc. Common Stock during the 4th quarter valued at $27,000. Citadel Advisors LLC acquired a new position in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at $26,000. State Street Corp lifted its stake in shares of 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 valued at $44,000 after purchasing an additional 15,700 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at $54,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

About Big Sky Industrial Inc. Common Stock

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.