Lightbridge Corp (NASDAQ:LTBR) was the target of a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 778,925 shares, a growth of 26.7% from the December 15th total of 614,845 shares. Approximately 6.9% of the shares of the company are sold short. Based on an average daily trading volume, of 2,575,166 shares, the days-to-cover ratio is presently 0.3 days.
Lightbridge (LTBR) opened at $1.52 on Friday. Lightbridge has a 12 month low of $0.86 and a 12 month high of $2.41. The stock has a market cap of $16.33, a price-to-earnings ratio of -1.38 and a beta of 0.43.
Lightbridge (NASDAQ:LTBR) last posted its earnings results on Tuesday, November 14th. The energy company reported ($0.16) earnings per share (EPS) for the quarter. Lightbridge had a negative net margin of 1,505.79% and a negative return on equity of 140.03%. The firm had revenue of $0.02 million during the quarter.
A hedge fund recently raised its stake in Lightbridge stock. Vanguard Group Inc. grew its stake in Lightbridge Corp (NASDAQ:LTBR) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,505 shares of the energy company’s stock after purchasing an additional 3,963 shares during the period. Vanguard Group Inc. owned about 0.84% of Lightbridge worth $144,000 as of its most recent SEC filing. 1.68% of the stock is owned by hedge funds and other institutional investors.
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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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