Published On: Tue, Sep 13th, 2016

U.S. Geothermal Inc. (HTM) Short Interest Up 1.0% in August

U.S. Geothermal Inc. (NYSE:HTM) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 899,813 shares, a growth of 1.0% from the August 15th total of 890,985 shares. Based on an average daily trading volume, of 184,781 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.9% of the company’s stock are sold short.
HTM has been the topic of a number of recent research reports. Zacks Investment Research raised U.S. Geothermal from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Wednesday, August 17th. Northland Securities initiated coverage on U.S. Geothermal in a research report on Tuesday, June 28th. They set an “outperform” rating and a $1.00 price objective on the stock.
Shares of U.S. Geothermal (NYSE:HTM) opened at 0.7201 on Tuesday. U.S. Geothermal has a one year low of $0.49 and a one year high of $0.90. The firm has a 50-day moving average price of $0.77 and a 200 day moving average price of $0.75. The firm has a market cap of $81.60 million and a P/E ratio of 80.0111.

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In related news, major shareholder Jcp Investment Management, Llc acquired 971,890 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average price of $0.89 per share, with a total value of $864,982.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis J. Gilles sold 66,008 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $0.78, for a total value of $51,486.24. Following the sale, the chief executive officer now directly owns 1,305,689 shares in the company, valued at approximately $1,018,437.42. The disclosure for this sale can be found here.
About U.S. 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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