Uni-Fuels Holdings Limited (NASDAQ:UFG) Stock Short Interest Jumps 222.2%

Uni-Fuels Holdings Limited (NASDAQ:UFG – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 367,651 shares, an increase of 222.2% from the August 31st total of 114,122 shares. Based on an average daily volume of 11,415,817 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.1% of the shares of the stock are sold short.

Uni-Fuels Trading Down 2.9%

NASDAQ UFG opened at $0.50 on Friday. The stock has a fifty day simple moving average of $0.59 and a 200-day simple moving average of $0.75. Uni-Fuels has a twelve month low of $0.45 and a twelve month high of $8.40.

Uni-Fuels (NASDAQ:UFG – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $98.55 million during the quarter. As a group, equities research analysts expect that Uni-Fuels will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on UFG

Uni-Fuels Company Profile

(Get Free Report)

Uni-Fuels Holdings Limited is a Singapore-based provider of marine fuel solutions. The company helps shipowners, ship managers and other maritime customers procure the fuel needed to operate commercial vessels, serving as an intermediary between customers and marine fuel suppliers.

Uni-Fuels’ services are focused on marine fuel sourcing, procurement and delivery coordination. Its offerings are intended to help maritime customers manage fuel purchasing across international shipping routes, with solutions that may include conventional bunker fuels and other lower-emission fuel alternatives as the industry’s energy requirements evolve.

The company operates in the global maritime fuel market and works with customers and suppliers across multiple shipping geographies.

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