Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 4,783,241 shares, a growth of 6.6% from the August 15th total of 4,487,664 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily volume of 746,361 shares, the short-interest ratio is currently 6.4 days.
In other Energy Fuels news, Director Dennis Lyle Higgs sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $2.06, for a total transaction of $61,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in shares of Energy Fuels in the second quarter worth about $146,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Energy Fuels in the second quarter worth about $314,000. Bank of New York Mellon Corp purchased a new position in shares of Energy Fuels in the second quarter worth about $410,000. Old West Investment Management LLC purchased a new position in shares of Energy Fuels in the first quarter worth about $1,003,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Energy Fuels in the second quarter worth about $1,121,000.
Shares of UUUU traded up $0.29 during trading hours on Wednesday, hitting $3.12. The company had a trading volume of 1,496,005 shares, compared to its average volume of 644,181. Energy Fuels has a 52-week low of $1.29 and a 52-week high of $3.64.
Several research analysts have recently commented on the company. HC Wainwright set a $5.00 price objective on Energy Fuels and gave the stock a “buy” rating in a report on Monday, August 6th. Zacks Investment Research upgraded Energy Fuels from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Tuesday, July 3rd. Finally, Noble Financial reiterated a “hold” rating on shares of Energy Fuels in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Energy Fuels presently has an average rating of “Hold” and an average price target of $3.75.
Energy Fuels Company Profile
Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.
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