Uranium Energy Corp. (UEC) Short Interest Up 2.8% in December

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 9,210,060 shares, an increase of 2.8% from the December 15th total of 8,957,775 shares. Currently, 6.7% of the shares of the stock are sold short. Based on an average trading volume of 1,707,109 shares, the days-to-cover ratio is currently 5.4 days.

Shares of Uranium Energy (NYSEAMERICAN UEC) traded down $0.11 during trading hours on Wednesday, hitting $1.80. The stock had a trading volume of 1,463,600 shares, compared to its average volume of 1,403,500. Uranium Energy has a 52 week low of $0.96 and a 52 week high of $2.00. The firm has a market capitalization of $309.18, a price-to-earnings ratio of -13.85 and a beta of 1.74.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Uranium Energy by 12.2% in the second quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock valued at $8,721,000 after buying an additional 596,975 shares in the last quarter. State Street Corp increased its stake in shares of Uranium Energy by 3,975.8% in the second quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock valued at $2,818,000 after buying an additional 1,730,485 shares in the last quarter. Northern Trust Corp increased its stake in shares of Uranium Energy by 441.2% in the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock valued at $2,413,000 after buying an additional 1,237,289 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Uranium Energy by 19.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 938,529 shares of the basic materials company’s stock valued at $1,295,000 after buying an additional 155,150 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Uranium Energy by 103.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,900 shares of the basic materials company’s stock valued at $733,000 after buying an additional 234,500 shares in the last quarter.

A number of research analysts have issued reports on UEC shares. HC Wainwright reissued a “buy” rating on shares of Uranium Energy in a report on Tuesday, September 12th. Cantor Fitzgerald cut Uranium Energy from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Roth Capital started coverage on Uranium Energy in a report on Wednesday, October 25th. They set a “buy” rating and a $3.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Uranium Energy presently has an average rating of “Hold” and a consensus target price of $2.83.

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Uranium Energy Company Profile

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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