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Shares of Lucas Energy (NYSE:LEI) were the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,848,362 shares, an increase of 0.2% from the July 31st total of 1,844,848 shares, Analyst Ratings News reports. Currently, 7.1% of the shares of the stock are sold short. Based on an average trading volume of 37,054 shares, the short-interest ratio is currently 49.9 days.

Shares of Lucas Energy (NYSE:LEI) opened at 0.61 on Friday. Lucas Energy has a 1-year low of $0.45 and a 1-year high of $1.38. The stock has a 50-day moving average of $0.53 and a 200-day moving average of $0.66. The company’s market cap is $20.4 million.

Lucas Energy (NYSE:LEI) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.04) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.04). On average, analysts predict that Lucas Energy will post $-0.16 earnings per share for the current fiscal year.

Lucas Energy, Inc (NYSE:LEI) is an independent oil and gas company based in Houston, Texas with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas primarily in the Gonzales County and Wilson County, Texas.

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