Ur-Energy Sees Significant Growth in Short Interest (URG)
Ur-Energy (NYSE:URG) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 11,553,652 shares, a growth of 15.8% from the June 13th total of 9,976,819 shares, Analyst Ratings.Net reports. Based on an average trading volume of 1,949,461 shares, the short-interest ratio is presently 5.9 days. Currently, 10.0% of the company’s shares are short sold.
A number of research firms have recently commented on URG. 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $2.00.
Shares of Ur-Energy (NYSE:URG) remained flat at $1.14 during trading on Thursday. 1,253,547 shares of the company’s stock traded hands. Ur-Energy has a 52-week low of $0.92 and a 52-week high of $1.99. The stock has a 50-day moving average of $1.14 and a 200-day moving average of $1.35. The company’s market cap is $146.8 million.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.