Uni-Fuels Holdings Limited (NASDAQ:UFG) Sees Significant Decline in Short Interest

Uni-Fuels Holdings Limited (NASDAQ:UFG) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 89,923 shares, a drop of 49.8% from the June 15th total of 179,157 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 103,840 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Uni-Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of UFG. Ground Swell Capital LLC purchased a new position in Uni-Fuels in the fourth quarter valued at about $61,000. Citadel Advisors LLC purchased a new stake in Uni-Fuels during the 3rd quarter worth approximately $106,000. Squarepoint Ops LLC purchased a new stake in Uni-Fuels during the 3rd quarter worth approximately $107,000. BNP Paribas Financial Markets acquired a new position in shares of Uni-Fuels in the 3rd quarter valued at approximately $183,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Uni-Fuels in the 3rd quarter valued at approximately $399,000.

Uni-Fuels Stock Performance

Shares of UFG stock opened at $0.73 on Friday. The firm has a fifty day simple moving average of $0.76 and a 200-day simple moving average of $0.93. Uni-Fuels has a twelve month low of $0.60 and a twelve month high of $11.00.

Uni-Fuels (NASDAQ:UFG) last released its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $74.63 million for the quarter. As a group, equities analysts predict that Uni-Fuels will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Uni-Fuels in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Uni-Fuels

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.