Foremost Clean Energy Ltd. (NASDAQ:FMST) Short Interest Up 83.9% in December

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 142,760 shares, a growth of 83.9% from the November 30th total of 77,648 shares. Based on an average daily trading volume, of 397,163 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 397,163 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Foremost Clean Energy

Several large investors have recently made changes to their positions in the business. Fulton Bank N.A. acquired a new position in shares of Foremost Clean Energy in the 2nd quarter worth approximately $66,000. Jane Street Group LLC bought a new stake in Foremost Clean Energy during the second quarter worth approximately $57,000. OneDigital Investment Advisors LLC grew its position in Foremost Clean Energy by 35.7% in the third quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock worth $55,000 after buying an additional 5,000 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Foremost Clean Energy in the third quarter worth approximately $172,000. Institutional investors own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Foremost Clean Energy in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Foremost Clean Energy has an average rating of “Sell”.

Foremost Clean Energy Price Performance

FMST opened at $2.39 on Friday. The business has a 50 day moving average price of $2.85 and a two-hundred day moving average price of $2.99. The company has a market capitalization of $34.03 million, a price-to-earnings ratio of -6.13 and a beta of 6.19. Foremost Clean Energy has a 1-year low of $0.55 and a 1-year high of $5.74.

Foremost Clean Energy (NASDAQ:FMST) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) EPS for the quarter. Equities analysts expect that Foremost Clean Energy will post -0.58 EPS for the current fiscal year.

Foremost Clean Energy Company Profile

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.