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Short Interest in Uranium Royalty Corp. (NASDAQ:UROY) Increases By 35.1%

Defense World ·  Dec 13, 2022 04:52

Uranium Royalty Corp. (NASDAQ:UROY – Get Rating) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,090,000 shares, an increase of 35.1% from the November 15th total of 806,800 shares. Approximately 1.4% of the company's stock are short sold. Based on an average trading volume of 625,000 shares, the short-interest ratio is currently 1.7 days.

Uranium Royalty Stock Up 1.3 %

Shares of Uranium Royalty stock opened at $2.40 on Tuesday. The company has a market cap of $236.10 million, a PE ratio of -40.00 and a beta of 1.74. Uranium Royalty has a 52 week low of $2.10 and a 52 week high of $5.00. The business has a 50 day moving average price of $2.47 and a 200-day moving average price of $2.60.

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Uranium Royalty (NASDAQ:UROY – Get Rating) last issued its quarterly earnings data on Friday, September 9th. The company reported ($0.02) EPS for the quarter. As a group, research analysts anticipate that Uranium Royalty will post -0.06 EPS for the current year.

Institutional Trading of Uranium Royalty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Uranium Royalty by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,812,227 shares of the company's stock valued at $15,108,000 after acquiring an additional 596,485 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Uranium Royalty during the first quarter valued at approximately $1,252,000. Jane Street Group LLC increased its position in shares of Uranium Royalty by 272.9% during the first quarter. Jane Street Group LLC now owns 170,396 shares of the company's stock valued at $670,000 after acquiring an additional 124,700 shares during the last quarter. UBS Group AG increased its position in shares of Uranium Royalty by 74.1% during the second quarter. UBS Group AG now owns 167,713 shares of the company's stock valued at $381,000 after acquiring an additional 71,386 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Uranium Royalty during the second quarter valued at approximately $206,000. 6.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on Uranium Royalty from $5.70 to $5.90 and gave the stock a "buy" rating in a research note on Tuesday, October 11th.

Uranium Royalty Company Profile

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Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and Workman Creek projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada.

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