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

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on BSIN. Weiss Ratings lowered shares of Big Sky Industrial Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded 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 to a “strong sell” rating in a research report on Monday, June 8th. Finally, D. Boral Capital restated a “buy” rating and issued a $3.50 target price on shares of Big Sky Industrial Inc. Common Stock in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Big Sky Industrial Inc. Common Stock currently has a consensus rating of “Reduce” and an average target price of $3.50.

Big Sky Industrial Inc. Common Stock Price Performance

Big Sky Industrial Inc. Common Stock stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.09. 860,411 shares of the company traded hands, compared to its average volume of 5,874,905. Big Sky Industrial Inc. Common Stock has a one year low of $0.66 and a one year high of $1.52. The stock has a market cap of $57.03 million, a price-to-earnings ratio of -2.53 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a fifty day moving average price of $1.00 and a 200-day moving average price of $0.99.

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

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

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter worth about $26,000. United Asset Strategies Inc. bought a new stake in Big Sky Industrial Inc. Common Stock in the 4th quarter worth approximately $27,000. 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 worth $63,000 after buying an additional 17,080 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Big Sky Industrial Inc. Common Stock in the third quarter worth approximately $54,000. Finally, State Street Corp grew its position in Big Sky Industrial Inc. Common Stock by 49.6% during the fourth 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 during the last quarter. Institutional investors own 3.00% of the company’s stock.

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.