U.S. Geothermal Inc. (HTM) Short Interest Up 4.5% in January
U.S. Geothermal Inc. (NYSE:HTM) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 978,818 shares, a growth of 4.5% from the December 31st total of 936,401 shares, AnalystRatings.NET reports. Based on an average trading volume of 231,030 shares, the days-to-cover ratio is presently 4.2 days. Approximately 1.0% of the company’s shares are short sold.
Shares of U.S. Geothermal (NYSE:HTM) opened at 0.59 on Friday. U.S. Geothermal has a 12 month low of $0.44 and a 12 month high of $0.70. The firm’s 50-day moving average is $0.61 and its 200-day moving average is $0.60. The company has a market cap of $63.48 million and a PE ratio of 6.21.
Separately, Zacks Investment Research raised shares of U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research 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. The Company is also developing projects at The Geysers, California; a second phase project at San Emidio, Nevada; the El Ceibillo project located near Guatemala City, Guatemala, and at Crescent Valley, Nevada. United States.
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