U.S. Geothermal Inc. (NYSE:HTM) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 969,957 shares, an increase of 0.4% from the September 15th total of 965,613 shares. Based on an average daily trading volume, of 133,577 shares, the days-to-cover ratio is currently 7.3 days. Currently, 0.9% of the company’s shares are short sold.
U.S. Geothermal (NYSE:HTM) opened at 0.7002 on Friday. The company’s 50-day moving average is $0.72 and its 200-day moving average is $0.77. U.S. Geothermal has a one year low of $0.49 and a one year high of $0.90. The firm has a market cap of $79.35 million and a PE ratio of 77.8000.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Wednesday, August 17th. Northland Securities assumed coverage on shares of U.S. Geothermal in a report on Tuesday, June 28th. They set an “outperform” rating and a $1.00 price objective for the company.
U.S. Geothermal Company Profile
U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.
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