Foremost Clean Energy Ltd. (NASDAQ:FMST) Short Interest Update

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 147,346 shares, a drop of 22.7% from the January 15th total of 190,539 shares. Based on an average daily volume of 411,420 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 411,420 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Foremost Clean Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its holdings in shares of Foremost Clean Energy by 35.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock valued at $55,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Foremost Clean Energy during the second quarter worth approximately $57,000. Goldman Sachs Group Inc. bought a new stake in shares of Foremost Clean Energy in the 4th quarter worth approximately $63,000. LPL Financial LLC boosted its stake in shares of Foremost Clean Energy by 36.1% in the 4th quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock valued at $64,000 after purchasing an additional 8,016 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Foremost Clean Energy during the 3rd quarter valued at $172,000. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FMST shares. Wall Street Zen cut Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Foremost Clean Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Foremost Clean Energy currently has a consensus rating of “Sell”.

Foremost Clean Energy Stock Performance

FMST traded up $0.05 on Monday, reaching $2.31. The company had a trading volume of 206,349 shares, compared to its average volume of 316,521. Foremost Clean Energy has a 52-week low of $0.55 and a 52-week high of $5.74. The company has a market cap of $32.89 million, a price-to-earnings ratio of -7.00 and a beta of 6.33. The business has a 50 day simple moving average of $2.36 and a 200 day simple moving average of $2.79.

Foremost Clean Energy (NASDAQ:FMST) last issued its quarterly earnings results on Wednesday, February 11th. The company reported ($0.10) EPS for the quarter. As a group, equities research analysts predict that Foremost Clean Energy will post -0.58 EPS for the current fiscal year.

About Foremost Clean Energy

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.