Short Interest in Uranium Energy Corp. (UEC) Decreases By 7.5%

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.

ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/31/short-interest-in-uranium-energy-corp-uec-decreases-by-7-5.html.

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).

Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply