Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Short Interest Down 47.7% in July

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

Big Sky Industrial Inc. Common Stock Stock Performance

NASDAQ BSIN traded down $0.01 during trading on Monday, hitting $1.42. The company’s stock had a trading volume of 1,146,381 shares, compared to its average volume of 5,042,252. The firm has a market cap of $74.29 million, a P/E ratio of -5.07 and a beta of 0.74. Big Sky Industrial Inc. Common Stock has a 52 week low of $0.66 and a 52 week high of $1.52. The firm has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.12.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last announced its quarterly earnings data on Tuesday, August 11th. The energy company reported ($0.04) earnings per share 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 company had revenue of $2.13 million for the quarter, compared to analyst estimates of $2.04 million. Equities research analysts forecast 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 hedge funds have recently added to or reduced their stakes in BSIN. XTX Topco Ltd increased its holdings 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 purchasing an additional 17,080 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Big Sky Industrial Inc. Common Stock in the third quarter worth about $54,000. Citadel Advisors LLC acquired a new stake in shares of Big Sky Industrial Inc. Common Stock during the third quarter worth about $26,000. United Asset Strategies Inc. bought a new position in Big Sky Industrial Inc. Common Stock in the fourth quarter valued at approximately $27,000. Finally, State Street Corp lifted its position 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 valued at $44,000 after acquiring an additional 15,700 shares in the last quarter. Institutional investors own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.