Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 18,895,314 shares, a growth of 3.7% from the December 14th total of 18,212,707 shares. Based on an average daily trading volume, of 1,351,607 shares, the short-interest ratio is presently 14.0 days. Approximately 11.5% of the shares of the company are short sold.
A number of equities analysts have weighed in on the stock. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Uranium Energy in a research report on Thursday, September 20th. Zacks Investment Research upgraded shares of Uranium Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th.
A number of institutional investors have recently made changes to their positions in UEC. Progeny 3 Inc. bought a new stake in Uranium Energy during the third quarter valued at approximately $100,000. MetLife Investment Advisors LLC bought a new stake in Uranium Energy during the second quarter valued at approximately $129,000. GSA Capital Partners LLP bought a new stake in Uranium Energy during the third quarter valued at approximately $131,000. Rhumbline Advisers lifted its position in Uranium Energy by 29.9% during the second quarter. Rhumbline Advisers now owns 147,530 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 33,921 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Uranium Energy by 24.8% during the second quarter. SG Americas Securities LLC now owns 188,256 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 37,372 shares during the last quarter.
Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Monday, December 10th. The basic materials company reported ($0.02) EPS for the quarter.
About Uranium Energy
Uranium Energy Corp. engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Burke Hollow, Goliad, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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