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

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 147,346 shares, a decrease of 22.7% from the January 15th total of 190,539 shares. Based on an average daily trading volume, of 411,420 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 411,420 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

FMST has been the subject of several research reports. Wall Street Zen lowered Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Foremost Clean Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of Foremost Clean Energy by 135.2% during the fourth quarter. Jane Street Group LLC now owns 71,962 shares of the company’s stock worth $153,000 after acquiring an additional 41,372 shares during the last quarter. LPL Financial LLC lifted its position in Foremost Clean Energy by 36.1% in the 4th quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock valued at $64,000 after purchasing an additional 8,016 shares during the last quarter. Two Sigma Investments LP acquired a new position in Foremost Clean Energy during the 3rd quarter valued at about $172,000. Goldman Sachs Group Inc. acquired a new position in Foremost Clean Energy during the 4th quarter valued at about $63,000. Finally, OneDigital Investment Advisors LLC grew its position in Foremost Clean Energy by 35.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock worth $55,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.

Foremost Clean Energy Trading Up 2.2%

NASDAQ FMST traded up $0.05 during trading hours on Friday, reaching $2.31. The company’s stock had a trading volume of 206,349 shares, compared to its average volume of 318,423. The business has a 50-day simple moving average of $2.36 and a 200 day simple moving average of $2.79. Foremost Clean Energy has a 52 week low of $0.55 and a 52 week high of $5.74. The stock has a market cap of $32.89 million, a PE ratio of -7.00 and a beta of 6.33.

Foremost Clean Energy (NASDAQ:FMST) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.10) earnings per share for the quarter. As a group, equities analysts predict that Foremost Clean Energy will post -0.58 EPS for the current 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.