Foremost Clean Energy Ltd. (NASDAQ:FMST) Short Interest Update

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 190,539 shares, a growth of 25.9% from the December 31st total of 151,368 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 194,526 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 194,526 shares, the short-interest ratio is presently 1.0 days. Currently, 1.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FMST. Weiss Ratings reiterated a “sell (d-)” rating on shares of Foremost Clean Energy in a research note on Thursday, January 22nd. Wall Street Zen downgraded Foremost Clean Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Foremost Clean Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. OneDigital Investment Advisors LLC increased its position in Foremost Clean Energy by 35.7% during the third quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock worth $55,000 after acquiring an additional 5,000 shares during the period. Jane Street Group LLC acquired a new position in shares of Foremost Clean Energy during the 2nd quarter worth approximately $57,000. Finally, Two Sigma Investments LP bought a new position in shares of Foremost Clean Energy during the third quarter worth approximately $172,000. 0.13% of the stock is currently owned by institutional investors and hedge funds.

Foremost Clean Energy Trading Up 1.9%

Shares of NASDAQ:FMST traded up $0.04 during trading on Tuesday, reaching $2.17. 137,095 shares of the stock were exchanged, compared to its average volume of 308,048. Foremost Clean Energy has a 12 month low of $0.55 and a 12 month high of $5.74. The stock has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.80. The firm has a market cap of $30.90 million, a PE ratio of -5.56 and a beta of 6.33.

Foremost Clean Energy (NASDAQ:FMST) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter. On average, sell-side analysts expect that Foremost Clean Energy will post -0.58 earnings per share for the current fiscal year.

About Foremost Clean Energy

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.