Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 8,957,775 shares, a decline of 7.5% from the November 30th total of 9,682,372 shares. Based on an average trading volume of 2,173,783 shares, the short-interest ratio is presently 4.1 days. Currently, 6.5% of the shares of the company are sold short.
Uranium Energy (NYSEAMERICAN UEC) opened at $1.77 on Friday. The firm has a market cap of $276.39, a price-to-earnings ratio of -13.62 and a beta of 1.74. Uranium Energy has a 12-month low of $0.96 and a 12-month high of $1.98.
A number of large investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new position in Uranium Energy during the second quarter worth $104,000. Commerzbank Aktiengesellschaft FI raised its position in Uranium Energy by 9.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 783,379 shares of the basic materials company’s stock worth $1,246,000 after acquiring an additional 70,693 shares during the period. Nationwide Fund Advisors acquired a new position in Uranium Energy during the second quarter worth $121,000. New York State Common Retirement Fund acquired a new position in Uranium Energy during the second quarter worth $130,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Uranium Energy during the third quarter worth $152,000.
UEC has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Uranium Energy from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Tuesday, September 5th. Roth Capital initiated coverage on shares of Uranium Energy in a research note on Wednesday, October 25th. They issued a “buy” rating and a $3.00 target price for the company. Cantor Fitzgerald cut shares of Uranium Energy from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine cut shares of Uranium Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Uranium Energy currently has a consensus rating of “Hold” and an average target price of $2.83.
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Uranium Energy Company Profile
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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