Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Update

Uranium Royalty Corp. (NASDAQ:UROY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,218,128 shares, an increase of 63.7% from the August 31st total of 3,188,224 shares. Based on an average daily trading volume, of 3,295,989 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings downgraded Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. National Bank Financial initiated coverage on Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.12.

Institutional Trading of Uranium Royalty

A number of institutional investors and hedge funds have recently modified their holdings of UROY. CenterBook Partners LP raised its holdings in Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after acquiring an additional 3,968,521 shares during the period. Banque Cantonale Vaudoise lifted its position in shares of Uranium Royalty by 9.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 272,026 shares of the company’s stock worth $994,000 after purchasing an additional 24,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Uranium Royalty by 206.5% during the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after purchasing an additional 132,551 shares during the period. Quantbot Technologies LP acquired a new stake in Uranium Royalty in the 2nd quarter valued at approximately $421,000. Finally, The Manufacturers Life Insurance Company increased its position in Uranium Royalty by 189.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company’s stock worth $547,000 after buying an additional 97,977 shares during the period. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Uranium Royalty Price Performance

NASDAQ UROY opened at $4.04 on Thursday. The company has a 50 day moving average price of $4.06 and a two-hundred day moving average price of $3.61. Uranium Royalty has a 12-month low of $2.56 and a 12-month high of $5.52. The stock has a market capitalization of $1.52 billion, a PE ratio of 44.89 and a beta of 1.42. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.49.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The business had revenue of $51.68 million during the quarter, compared to analyst estimates of $52.23 million. As a group, equities analysts predict that Uranium Royalty will post 0.05 earnings per share for the current fiscal year.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.