Uranium Energy Corp. (NYSEAMERICAN:UEC) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 12,175,724 shares, a growth of 6.7% from the January 31st total of 11,414,630 shares. Approximately 8.8% of the shares of the company are short sold. Based on an average daily volume of 1,366,272 shares, the short-interest ratio is presently 8.9 days.
A number of research firms recently weighed in on UEC. HC Wainwright set a $4.00 price objective on shares of Uranium Energy and gave the stock a “buy” rating in a report on Monday, February 12th. Zacks Investment Research lowered shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Uranium Energy currently has a consensus rating of “Hold” and a consensus target price of $2.83.
Uranium Energy (UEC) traded up $0.02 during trading hours on Wednesday, hitting $1.36. 1,001,157 shares of the stock traded hands, compared to its average volume of 1,115,085. Uranium Energy has a one year low of $0.96 and a one year high of $2.00. The company has a market cap of $231.86, a price-to-earnings ratio of -10.31 and a beta of 1.82.
Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Monday, December 11th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01).
Several institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC bought a new position in Uranium Energy during the second quarter valued at approximately $104,000. Nationwide Fund Advisors bought a new position in Uranium Energy during the second quarter valued at approximately $121,000. MetLife Investment Advisors LLC bought a new position in Uranium Energy during the fourth quarter valued at approximately $126,000. New York State Common Retirement Fund bought a new position in Uranium Energy during the second quarter valued at approximately $130,000. Finally, Quad Capital Management Advisors LLC bought a new position in Uranium Energy during the fourth quarter valued at approximately $147,000.
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About Uranium Energy
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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