Ur-Energy Inc. (URG) Sees Large Growth in Short Interest
Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,311,717 shares, a growth of 3.3% from the August 15th total of 3,206,013 shares. Based on an average trading volume of 1,436,674 shares, the short-interest ratio is currently 2.3 days. Approximately 2.4% of the company’s shares are sold short.
Several equities analysts have recently issued reports on the stock. TheStreet downgraded shares of Ur-Energy from a “c” rating to a “d+” rating in a research note on Tuesday, July 31st. HC Wainwright set a $2.00 price target on shares of Ur-Energy and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research downgraded shares of Ur-Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ur-Energy currently has a consensus rating of “Buy” and an average target price of $1.58.
An institutional investor recently raised its position in Ur-Energy stock. Citadel Advisors LLC increased its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,651 shares of the basic materials company’s stock after buying an additional 156,134 shares during the period. Citadel Advisors LLC owned 0.15% of Ur-Energy worth $129,000 at the end of the most recent reporting period.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Friday, July 27th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $3.81 million during the quarter, compared to the consensus estimate of $6.16 million. Ur-Energy had a negative net margin of 25.68% and a negative return on equity of 27.83%.
Ur-Energy Company Profile
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
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