Lightbridge Corporation (NASDAQ:LTBR) was the target of a large decrease in short interest in September. As of September 29th, there was short interest totalling 613,721 shares, a decrease of 33.2% from the September 15th total of 918,316 shares. Approximately 5.8% of the shares of the company are short sold. Based on an average daily trading volume, of 113,121 shares, the days-to-cover ratio is presently 5.4 days.

Lightbridge Corporation (LTBR) opened at 1.05 on Friday. The company has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.36. The company’s market capitalization is $11.27 million. Lightbridge Corporation has a one year low of $0.86 and a one year high of $2.41.

Lightbridge Corporation (NASDAQ:LTBR) last posted its earnings results on Tuesday, August 8th. The energy company reported ($0.17) earnings per share (EPS) for the quarter. Lightbridge Corporation had a negative net margin of 1,303.86% and a negative return on equity of 138.73%. The firm had revenue of $0.01 million during the quarter. Equities research analysts anticipate that Lightbridge Corporation will post ($0.23) EPS for the current year.

An institutional investor recently raised its position in Lightbridge Corporation stock. Vanguard Group Inc. lifted its stake in Lightbridge Corporation (NASDAQ:LTBR) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,505 shares of the energy company’s stock after purchasing an additional 3,963 shares during the period. Vanguard Group Inc. owned 0.84% of Lightbridge Corporation worth $144,000 at the end of the most recent quarter. Institutional investors own 2.10% of the company’s stock.

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About Lightbridge Corporation

Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel.

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