Ur-Energy Short Interest Up 0.2% in August (URG)
Ur-Energy (NYSE:URG) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 5,160,331 shares, a growth of 0.2% from the July 31st total of 5,168,594 shares, StockRatingsNetwork.com reports. Approximately 4.5% of the shares of the company are sold short. Based on an average daily volume of 566,227 shares, the short-interest ratio is currently 9.1 days.
In other Ur-Energy news, CFO Roger L. Smith unloaded 57,321 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $1.08, for a total transaction of $61,906.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Haywood Securities upgraded shares of Ur-Energy to a “buy” rating in a research note on Friday, August 8th. 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 equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $2.00.
Ur-Energy (NYSE:URG) opened at 1.06 on Friday. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $1.99. The stock has a 50-day moving average of $1.12 and a 200-day moving average of $1.29. The company’s market cap is $136.5 million.
Ur-Energy (NYSE:URG) last released its earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Analysts expect that Ur-Energy will post $-0.05 EPS for the current fiscal year.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.