Short Interest in Uranium Energy Corp. (NYSEAMERICAN:UEC) Grows By 1,209.9%

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 54,100,000 shares, anincreaseof1,209.9% from the June 30th total of 4,130,000 shares. Based on an average daily volume of 13,620,000 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily volume of 13,620,000 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Ratings Changes

Separately, BMO Capital Markets initiated coverage on Uranium Energy in a report on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 price target on the stock. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.13.

Uranium Energy Price Performance

Uranium Energy stock opened at $8.67 on Monday. The company has a market capitalization of $3.85 billion, a P/E ratio of -51.00 and a beta of 1.44. The stock’s 50 day moving average is $6.98 and its 200 day moving average is $6.28. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $9.09.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Uranium Energy in the 1st quarter worth $27,000. IFP Advisors Inc increased its stake in shares of Uranium Energy by 732.8% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,503 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uranium Energy in the 1st quarter worth $36,000. Finally, Oarsman Capital Inc. increased its stake in shares of Uranium Energy by 900.0% in the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 9,000 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.