Ur-Energy Short Interest Up 2.3% in July (URG)
Shares of Ur-Energy (NYSE:URG) were the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 5,168,594 shares, a growth of 2.3% from the July 15th total of 5,054,464 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 714,178 shares, the days-to-cover ratio is presently 7.2 days. Approximately 4.5% of the shares of the stock are sold short.
A number of research firms have recently commented on URG. Analysts at Haywood Securities upgraded shares of Ur-Energy to a “buy” rating in a research note on Friday. Separately, analysts at Laurentian cut their price target on shares of Ur-Energy from C$2.00 to C$1.80 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, 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. Six analysts have rated the stock with a buy rating, Ur-Energy currently has an average rating of “Buy” and an average price target of $2.00.
Shares of Ur-Energy (NYSE:URG) traded up 1.80% on Monday, hitting $1.13. The stock had a trading volume of 349,125 shares. Ur-Energy has a 52 week low of $0.92 and a 52 week high of $1.99. The stock’s 50-day moving average is $1.14 and its 200-day moving average is $1.31. The company’s market cap is $145.5 million.
Ur-Energy (NYSE:URG) last announced its earnings results on Tuesday, August 5th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). On average, analysts predict that Ur-Energy will post $-0.04 earnings per share for the current fiscal year.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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