Cameco Co. (NYSE:CCJ) Short Interest Up 6.7% in April

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 21,370,000 shares, an increase of 6.7% from the March 31st total of 20,020,000 shares. Based on an average daily volume of 4,840,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 4.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Cameco

Hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 400 shares during the period. Principal Securities Inc. purchased a new position in shares of Cameco during the 4th quarter worth $29,000. Allworth Financial LP grew its holdings in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares during the period. Versant Capital Management Inc purchased a new position in shares of Cameco during the 4th quarter worth $34,000. Finally, Sandy Spring Bank purchased a new position in shares of Cameco during the 4th quarter worth $43,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Up 2.8 %

Shares of NYSE:CCJ opened at $46.92 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $44.76 and a two-hundred day moving average of $44.20. The stock has a market cap of $20.37 billion, a P/E ratio of 120.31 and a beta of 0.92. Cameco has a 52-week low of $26.15 and a 52-week high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.61%. On average, research analysts expect that Cameco will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.