Uranium Energy Corp. (NYSEMKT:UEC) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,574,688 shares, a decline of 12.5% from the October 13th total of 10,941,568 shares. Currently, 6.9% of the shares of the company are sold short. Based on an average daily trading volume, of 811,455 shares, the short-interest ratio is currently 11.8 days.

Several research analysts have recently commented on UEC shares. Zacks Investment Research raised shares of Uranium Energy Corp. from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a report on Wednesday, August 23rd. ValuEngine downgraded shares of Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Roth Capital began coverage on shares of Uranium Energy Corp. in a research report on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $4.10 price objective on shares of Uranium Energy Corp. in a research report on Friday, November 3rd. Finally, Cantor Fitzgerald downgraded shares of Uranium Energy Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $2.87.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Uranium Energy Corp. by 12.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock valued at $8,721,000 after purchasing an additional 596,975 shares during the last quarter. State Street Corp lifted its position in Uranium Energy Corp. by 3,975.8% in the 2nd quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock valued at $2,818,000 after purchasing an additional 1,730,485 shares during the last quarter. Northern Trust Corp raised its position in shares of Uranium Energy Corp. by 441.2% during the 2nd quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after buying an additional 1,237,289 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Uranium Energy Corp. by 19.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 938,529 shares of the basic materials company’s stock worth $1,295,000 after buying an additional 155,150 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Uranium Energy Corp. by 79.4% during the 1st quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock worth $1,259,000 after buying an additional 392,410 shares in the last quarter.

Shares of Uranium Energy Corp. (NYSEMKT UEC) traded down $0.05 during trading hours on Monday, reaching $1.38. 1,790,000 shares of the company traded hands, compared to its average volume of 1,230,000. Uranium Energy Corp. has a 12-month low of $0.81 and a 12-month high of $1.92.

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About Uranium Energy Corp.

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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