Ur-Energy Inc. (URG) Sees Large Increase in Short Interest

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 3,904,192 shares, an increase of 6.7% from the November 15th total of 3,660,471 shares. Based on an average daily trading volume, of 466,795 shares, the short-interest ratio is presently 8.4 days. Approximately 2.9% of the company’s stock are sold short.

Several analysts have recently commented on the company. FBR & Co reaffirmed a “buy” rating and issued a $1.00 target price on shares of Ur-Energy in a research report on Friday, September 1st. HC Wainwright set a $2.00 price objective on Ur-Energy and gave the stock a “buy” rating in a report on Monday, October 30th. Roth Capital set a $2.00 price objective on Ur-Energy and gave the stock a “buy” rating in a report on Monday, October 16th. ValuEngine lowered Ur-Energy from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley reiterated a “buy” rating on shares of Ur-Energy in a report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1.38.

Shares of Ur-Energy (URG) traded up $0.03 during trading hours on Monday, hitting $0.71. The company had a trading volume of 1,542,316 shares, compared to its average volume of 425,220. Ur-Energy has a twelve month low of $0.49 and a twelve month high of $0.91.

In other news, Director Paul Macdonell sold 68,763 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $0.69, for a total value of $47,446.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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Ur-Energy Company Profile

Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.

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