US Geothermal Inc (NYSEAMERICAN:HTM) was the recipient of a significant drop in short interest during the month of December. As of December 29th, there was short interest totalling 42,502 shares, a drop of 63.1% from the December 15th total of 115,159 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 107,689 shares, the short-interest ratio is currently 0.4 days.
A number of equities analysts have issued reports on HTM shares. Roth Capital set a $5.00 target price on shares of US Geothermal and gave the stock a “buy” rating in a report on Thursday, November 16th. TheStreet cut shares of US Geothermal from a “c-” rating to a “d” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research cut shares of US Geothermal from a “hold” rating to a “sell” rating in a report on Monday, November 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. US Geothermal presently has an average rating of “Buy” and an average price target of $5.67.
A number of hedge funds and other institutional investors have recently modified their holdings of HTM. Dimensional Fund Advisors LP increased its stake in shares of US Geothermal by 175.1% in the third quarter. Dimensional Fund Advisors LP now owns 71,160 shares of the energy company’s stock valued at $284,000 after purchasing an additional 45,289 shares during the period. Bank of New York Mellon Corp increased its stake in shares of US Geothermal by 69.4% in the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock valued at $161,000 after purchasing an additional 14,411 shares during the period. Finally, Northern Trust Corp increased its stake in shares of US Geothermal by 1.2% in the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after purchasing an additional 392 shares during the period.
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About US Geothermal
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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