Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,212,200 shares, an increase of 24.4% from the June 30th total of 3,386,300 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 816,600 shares, the days-to-cover ratio is currently 5.2 days.
In other Ur-Energy news, Director James M. Franklin sold 50,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $0.92, for a total value of $46,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several hedge funds have recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its position in shares of Ur-Energy by 7.5% during the second quarter. Cetera Advisors LLC now owns 602,256 shares of the basic materials company’s stock worth $565,000 after acquiring an additional 41,877 shares during the last quarter. Bank of Montreal Can bought a new stake in Ur-Energy in the second quarter valued at about $66,000. Genesee Capital Advisors LLC bought a new stake in Ur-Energy in the second quarter valued at about $28,000. Rathbone Brothers plc increased its holdings in Ur-Energy by 84.2% in the first quarter. Rathbone Brothers plc now owns 70,000 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 32,000 shares during the last quarter. Finally, Exane Derivatives increased its holdings in Ur-Energy by 232.8% in the first quarter. Exane Derivatives now owns 629,000 shares of the basic materials company’s stock valued at $518,000 after purchasing an additional 440,000 shares during the last quarter.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Friday, August 2nd. The basic materials company reported ($0.01) earnings per share for the quarter. The firm had revenue of $11.48 million during the quarter, compared to the consensus estimate of $11.50 million.
A number of equities analysts have commented on URG shares. TheStreet lowered Ur-Energy from a “c-” rating to a “d+” rating in a research note on Tuesday, July 30th. Zacks Investment Research downgraded Ur-Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 19th. Finally, HC Wainwright restated a “buy” rating and set a $1.10 target price (down previously from $1.50) on shares of Ur-Energy in a research report on Tuesday, August 6th.
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 flagship 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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