Ur-Energy Inc. (URG) Short Interest Update
Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a significant growth in short interest during the month of September. As of September 28th, there was short interest totalling 2,529,338 shares, a growth of 1.6% from the September 14th total of 2,490,535 shares. Based on an average daily trading volume, of 1,260,731 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the company’s stock are short sold.
A number of analysts have weighed in on the company. Zacks Investment Research cut Ur-Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 18th. TheStreet cut Ur-Energy from a “c” rating to a “d+” rating in a research report on Tuesday, July 31st. Finally, HC Wainwright set a $2.00 price objective on Ur-Energy and gave the stock a “buy” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $1.58.
NYSEAMERICAN URG opened at $0.73 on Friday. Ur-Energy has a twelve month low of $0.50 and a twelve month high of $0.93.
An institutional investor recently raised its position in Ur-Energy stock. Citadel Advisors LLC increased its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 214,651 shares of the basic materials company’s stock after purchasing an additional 156,134 shares during the period. Citadel Advisors LLC owned approximately 0.15% of Ur-Energy worth $129,000 at the end of the most recent reporting period.
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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