Uranium Energy Corp. Sees Significant Growth in Short Interest (UEC)
Uranium Energy Corp. (NYSE:UEC) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 11,028,544 shares, a growth of 2.8% from the July 31st total of 10,727,221 shares, AnalystRatings.Net reports. Currently, 12.6% of the company’s stock are sold short. Based on an average daily trading volume, of 491,487 shares, the short-interest ratio is presently 22.4 days.
A number of research firms have recently commented on UEC. Analysts at Cantor Fitzgerald downgraded shares of Uranium Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 25th. They now have a $1.45 price target on the stock, down previously from $2.05. Analysts at HC Wainwright raised their price target on shares of Uranium Energy Corp. to $3.75 in a research note on Thursday, June 5th.
Shares of Uranium Energy Corp. (NYSE:UEC) traded down 1.95% during mid-day trading on Tuesday, hitting $1.51. 415,590 shares of the company’s stock traded hands. Uranium Energy Corp. has a 52-week low of $0.94 and a 52-week high of $2.49. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $1.53. The company’s market cap is $136.7 million.
Uranium Energy Corp. (NYSE:UEC) is an exploration-stage company.
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