Short Interest in Ur-Energy Increases By 17.7% (URG)
Ur-Energy (NYSE:URG) was the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 9,976,819 shares, a growth of 17.7% from the May 30th total of 8,475,006 shares, American Banking and Market News reports. Based on an average daily trading volume, of 979,457 shares, the short-interest ratio is presently 10.2 days. Currently, 8.6% of the company’s shares are sold short.
URG has been the subject of a number of recent research reports. Analysts at Raymond James cut their price target on shares of Ur-Energy from C$2.00 to C$1.80 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1.91.
Ur-Energy (NYSE:URG) traded down 3.51% during mid-day trading on Tuesday, hitting $1.10. 1,157,555 shares of the company’s stock traded hands. Ur-Energy has a 1-year low of $0.92 and a 1-year high of $1.99. The stock has a 50-day moving average of $1.11 and a 200-day moving average of $1.34. The company’s market cap is $141.6 million.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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