Uranium Energy Corp. (NYSEAMERICAN:UEC) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 18,712,876 shares, a decline of 5.0% from the August 15th total of 19,706,703 shares. Based on an average daily volume of 554,506 shares, the days-to-cover ratio is presently 33.7 days. Approximately 13.2% of the shares of the company are short sold.
Several research firms recently commented on UEC. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Uranium Energy in a research report on Thursday, September 20th. Zacks Investment Research upgraded Uranium Energy from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Saturday, June 9th.
Shares of UEC traded up $0.01 during midday trading on Friday, reaching $1.55. The stock had a trading volume of 999,491 shares, compared to its average volume of 1,110,657. Uranium Energy has a 12-month low of $0.96 and a 12-month high of $2.00.
Several institutional investors and hedge funds have recently bought and sold shares of UEC. Northern Trust Corp boosted its holdings in shares of Uranium Energy by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,501,890 shares of the basic materials company’s stock worth $1,968,000 after purchasing an additional 40,663 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Uranium Energy by 11.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,100,992 shares of the basic materials company’s stock worth $4,062,000 after purchasing an additional 306,634 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Uranium Energy by 83.9% in the 1st quarter. Citigroup Inc. now owns 445,890 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 203,397 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Uranium Energy by 29.9% in the 2nd quarter. Rhumbline Advisers now owns 147,530 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 33,921 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Uranium Energy by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 188,256 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 37,372 shares in the last quarter.
Uranium Energy Company Profile
Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.
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