Lightbridge Corporation (NASDAQ:LTBR) Sees Significant Decline in Short Interest

Lightbridge Corporation (NASDAQ:LTBR) was the recipient of a large decrease in short interest in September. As of September 29th, there was short interest totalling 613,721 shares, a decrease of 33.2% from the September 15th total of 918,316 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average daily trading volume, of 113,121 shares, the days-to-cover ratio is presently 5.4 days.

A hedge fund recently raised its stake in Lightbridge Corporation stock. Vanguard Group Inc. raised its position in shares of Lightbridge Corporation (NASDAQ:LTBR) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,505 shares of the energy company’s stock after buying an additional 3,963 shares during the period. Vanguard Group Inc. owned about 0.84% of Lightbridge Corporation worth $144,000 at the end of the most recent reporting period. Institutional investors own 2.08% of the company’s stock.

Lightbridge Corporation (NASDAQ LTBR) opened at 1.0501 on Friday. Lightbridge Corporation has a 12-month low of $0.86 and a 12-month high of $2.41. The firm’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.34. The firm’s market cap is $11.28 million.

Lightbridge Corporation (NASDAQ:LTBR) last released its earnings results on Tuesday, August 8th. The energy company reported ($0.17) EPS for the quarter. Lightbridge Corporation had a negative net margin of 1,303.86% and a negative return on equity of 138.73%. The business had revenue of $0.01 million for the quarter. Analysts forecast that Lightbridge Corporation will post ($0.23) earnings per share for the current fiscal year.

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About Lightbridge Corporation

Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel.

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