Foremost Clean Energy Ltd. (NASDAQ:FMST) Short Interest Up 83.9% in December

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 142,760 shares, a growth of 83.9% from the November 30th total of 77,648 shares. Based on an average daily trading volume, of 397,163 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company’s stock are short sold. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 397,163 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Foremost Clean Energy

Several hedge funds and other institutional investors have recently modified their holdings of FMST. Two Sigma Investments LP bought a new position in shares of Foremost Clean Energy during the third quarter worth about $172,000. Fulton Bank N.A. bought a new position in Foremost Clean Energy in the 2nd quarter worth about $66,000. 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. Finally, Jane Street Group LLC acquired a new stake in shares of Foremost Clean Energy in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 0.13% of the company’s stock.

Foremost Clean Energy Stock Performance

NASDAQ FMST opened at $2.39 on Friday. Foremost Clean Energy has a one year low of $0.55 and a one year high of $5.74. The company has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $2.99. The firm has a market capitalization of $34.03 million, a PE ratio of -6.13 and a beta of 6.19.

Foremost Clean Energy (NASDAQ:FMST) last issued its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. Equities analysts forecast that Foremost Clean Energy will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on FMST shares. Wall Street Zen downgraded Foremost Clean Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.