Short Interest in Energy Fuels Inc (NYSEAMERICAN:UUUU) Increases By 36.2%

Energy Fuels Inc (NYSEAMERICAN:UUUU) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 41,840,000 shares, a growth of 36.2% from the September 30th total of 30,720,000 shares. Approximately 18.5% of the shares of the stock are sold short. Based on an average daily volume of 20,710,000 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 20,710,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 18.5% of the shares of the stock are sold short.

Insider Transactions at Energy Fuels

In other news, EVP Timothy James Carstens sold 250,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the transaction, the executive vice president directly owned 267,029 shares in the company, valued at approximately $2,787,782.76. This represents a 48.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $14.85, for a total value of $148,500.00. Following the sale, the director owned 195,617 shares of the company’s stock, valued at $2,904,912.45. This represents a 4.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 618,724 shares of company stock valued at $6,782,959 over the last 90 days. Company insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its stake in shares of Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company’s stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Energy Fuels by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company’s stock valued at $46,927,000 after acquiring an additional 1,231,484 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Energy Fuels by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock valued at $52,918,000 after purchasing an additional 410,894 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Energy Fuels during the second quarter valued at about $29,525,000. Finally, Bank of America Corp DE grew its holdings in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock valued at $25,105,000 after purchasing an additional 2,111,466 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Stock Performance

Shares of UUUU traded down $0.79 on Tuesday, reaching $17.01. The stock had a trading volume of 28,944,873 shares, compared to its average volume of 13,764,260. The company has a 50-day simple moving average of $16.78 and a 200-day simple moving average of $10.20. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of -34.71 and a beta of 1.79. Energy Fuels has a 12-month low of $3.20 and a 12-month high of $27.33.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. Energy Fuels’s revenue was up –51.7% on a year-over-year basis. On average, analysts expect that Energy Fuels will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UUUU shares. B. Riley started coverage on Energy Fuels in a report on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 price objective for the company. Roth Capital cut Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Friday, July 11th. Finally, HC Wainwright dropped their price objective on Energy Fuels to $26.75 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $11.88.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.