Houston American Energy Co. (NYSEAMERICAN:HUSA) Sees Significant Growth in Short Interest
Houston American Energy Co. (NYSEAMERICAN:HUSA) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,020,000 shares, a growth of 28.5% from the January 15th total of 2,350,000 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average daily volume of 3,290,000 shares, the days-to-cover ratio is currently 0.9 days.
Shares of HUSA opened at $0.14 on Friday. Houston American Energy has a 1-year low of $0.14 and a 1-year high of $0.37.
Houston American Energy (NYSEAMERICAN:HUSA) last announced its quarterly earnings data on Thursday, November 14th. The oil and gas exploration company reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.27 million for the quarter.
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the United States and South America. Its oil and gas properties are located primarily in the South American country of Colombia; and in the onshore Gulf Coast region of Texas and Louisiana.
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