Short Interest in Ur-Energy Increases By 7.9% (URG)
Shares of Ur-Energy (NYSE:URG) were the target of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 8,475,006 shares, an increase of 7.9% from the May 15th total of 7,853,832 shares, AnalystRatings.NET reports. Based on an average daily volume of 1,377,885 shares, the short-interest ratio is currently 6.2 days. Approximately 7.3% of the company’s shares are sold short.
In other Ur-Energy news, CEO Wayne W. Heili purchased 50,000 shares of Ur-Energy stock on the open market in a transaction dated Friday, May 30th. The stock was purchased at an average price of $1.23 per share, with a total value of $61,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Haywood Securities reiterated a “hold” rating on shares of Ur-Energy in a research note on Friday, May 23rd. They now have a C$1.80 price target on the stock. Separately, analysts at Dundee Securities cut their price target on shares of Ur-Energy from C$2.00 to C$1.90 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital cut their price target on shares of Ur-Energy from $1.75 to $1.70 in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1.94.
Ur-Energy (NYSE:URG) traded down 3.45% during mid-day trading on Tuesday, hitting $1.12. The stock had a trading volume of 690,865 shares. Ur-Energy has a one year low of $0.92 and a one year high of $1.99. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $1.35. The company’s market cap is $144.2 million.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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