Ur-Energy Inc. (URG) Short Interest Update
Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 3,750,768 shares, an increase of 1.6% from the February 15th total of 3,691,570 shares. Based on an average daily volume of 222,281 shares, the short-interest ratio is presently 16.9 days. Currently, 2.9% of the shares of the stock are short sold.
Ur-Energy (NYSEAMERICAN URG) opened at $0.65 on Friday. Ur-Energy has a fifty-two week low of $0.50 and a fifty-two week high of $0.80. The stock has a market cap of $92.86, a P/E ratio of 32.00 and a beta of 0.85.
URG has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Ur-Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. HC Wainwright set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1.38.
A number of institutional investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC bought a new position in Ur-Energy during the 4th quarter worth approximately $14,089,000. Commerzbank Aktiengesellschaft FI bought a new position in Ur-Energy during the 4th quarter worth approximately $833,000. Gagnon Securities LLC bought a new position in Ur-Energy during the 4th quarter worth approximately $352,000. Finally, Verity Asset Management Inc. bought a new position in Ur-Energy during the 4th quarter worth approximately $129,000.
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Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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