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

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,311,717 shares, an increase of 3.3% from the August 15th total of 3,206,013 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 1,436,674 shares, the days-to-cover ratio is currently 2.3 days.

Ur-Energy stock traded up $0.04 during trading hours on Wednesday, hitting $0.82. 1,239,744 shares of the stock traded hands, compared to its average volume of 604,029. Ur-Energy has a one year low of $0.50 and a one year high of $0.91.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Friday, July 27th. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Ur-Energy had a negative return on equity of 27.83% and a negative net margin of 25.68%. The firm had revenue of $3.81 million for the quarter, compared to analysts’ expectations of $6.16 million.

URG has been the topic of several research reports. TheStreet raised Ur-Energy from a “d+” rating to a “c” rating in a research report on Monday, June 18th. Zacks Investment Research raised Ur-Energy from a “hold” rating to a “strong-buy” rating and set a $0.75 price objective on the stock in a research report on Wednesday, July 18th. Finally, HC Wainwright set a $2.00 price objective on Ur-Energy and gave the company a “buy” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1.58.

An institutional investor recently raised its position in Ur-Energy stock. Citadel Advisors LLC lifted its stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,651 shares of the basic materials company’s stock after purchasing an additional 156,134 shares during the quarter. Citadel Advisors LLC owned about 0.15% of Ur-Energy worth $129,000 as of its most recent filing with the Securities & Exchange Commission.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.

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