US Geothermal (HTM)

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Short Interest in U.S. Geothermal Inc. (HTM) Expands By 0.8%
February 25th, 2016 - By Thomas Dobrow - 0 comments

U.S. Geothermal logoU.S. Geothermal Inc. (NYSE:HTM) was the target of a large growth in short interest in February. As of February 12th, there was short interest totalling 968,573 shares, a growth of 0.8% from the January 29th total of 960,711 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 330,844 shares, the short-interest ratio is presently 2.9 days. Approximately 1.0% of the shares of the stock are sold short.

U.S. Geothermal (NYSE:HTM) opened at 0.5576 on Thursday. The firm has a 50-day moving average of $0.58 and a 200-day moving average of $0.60. The stock has a market capitalization of $60.00 million and a price-to-earnings ratio of 5.8695. U.S. Geothermal has a 12-month low of $0.45 and a 12-month high of $0.70.

Separately, Zacks Investment Research upgraded shares of U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a report on Tuesday, November 17th.

U.S. Geothermal Inc is a renewable energy company focused on the development, production and sale of electricity from geothermal energy. The company is operating geothermal power projects at Neal Hot Springs, Oregon, San Emidio, Nevada and Raft River, Idaho for a total power generation of approximately 45 megawatts.

It seems some entity is trying to bring down the stock. If it rallies there could be a short squeeze and would serve them right.