Houston American Energy Co. (NYSEAMERICAN:HUSA) Sees Significant Growth in Short Interest

Houston American Energy Co. (NYSEAMERICAN:HUSA) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,281,381 shares, an increase of 3.4% from the October 31st total of 2,206,197 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average trading volume of 1,289,461 shares, the short-interest ratio is currently 1.8 days.

Shares of Houston American Energy (NYSEAMERICAN:HUSA) traded down $0.02 during mid-day trading on Wednesday, hitting $0.38. 447,213 shares of the stock traded hands, compared to its average volume of 672,032. Houston American Energy has a 1-year low of $0.16 and a 1-year high of $1.05.

An institutional investor recently raised its position in Houston American Energy stock. Benchmark Capital Advisors boosted its holdings in Houston American Energy Co. (NYSEAMERICAN:HUSA) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,582,459 shares of the oil and gas exploration company’s stock after buying an additional 4,000 shares during the period. Benchmark Capital Advisors owned approximately 3.09% of Houston American Energy worth $1,187,000 at the end of the most recent reporting period.

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Houston American Energy Company Profile

Houston American Energy Corp. is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties in the United States Gulf Coast region and in South America. The Company’s oil and gas assets and operations are primarily in Colombia and in the onshore Gulf Coast region, particularly Texas and Louisiana.

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