Lightbridge Corporation (LTBR) Short Interest Down 33.2% in September
Lightbridge Corporation (NASDAQ:LTBR) was the recipient of a significant decrease in short interest in September. As of September 29th, there was short interest totalling 613,721 shares, a decrease of 33.2% from the September 15th total of 918,316 shares. Based on an average daily volume of 113,121 shares, the short-interest ratio is presently 5.4 days. Currently, 5.8% of the shares of the stock are short sold.
Shares of Lightbridge Corporation (NASDAQ:LTBR) opened at 1.03 on Wednesday. The stock’s market capitalization is $11.06 million. Lightbridge Corporation has a 52 week low of $0.86 and a 52 week high of $2.41. The stock has a 50 day moving average of $1.09 and a 200-day moving average of $1.36.
Lightbridge Corporation (NASDAQ:LTBR) last posted its earnings results on Tuesday, August 8th. The energy company reported ($0.17) earnings per share for the quarter. The firm had revenue of $0.01 million for the quarter. Lightbridge Corporation had a negative net margin of 1,303.86% and a negative return on equity of 138.73%. On average, equities research analysts expect that Lightbridge Corporation will post ($0.23) EPS for the current year.
A hedge fund recently raised its stake in Lightbridge Corporation stock. Vanguard Group Inc. grew its position in shares of Lightbridge Corporation (NASDAQ:LTBR) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,505 shares of the energy company’s stock after purchasing an additional 3,963 shares during the quarter. Vanguard Group Inc. owned approximately 0.84% of Lightbridge Corporation worth $144,000 as of its most recent SEC filing. Institutional investors own 2.10% of the company’s stock.
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About Lightbridge Corporation
Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel.
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