Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 2,033,215 shares, a drop of 9.3% from the October 15th total of 2,240,768 shares. Based on an average trading volume of 832,589 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the company’s stock are short sold.
An institutional investor recently raised its position in Ur-Energy stock. Bienville Capital Management LLC boosted its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 535.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,377,791 shares of the basic materials company’s stock after buying an additional 1,160,802 shares during the period. Bienville Capital Management LLC owned 0.94% of Ur-Energy worth $923,000 as of its most recent SEC filing.
Several brokerages have recently weighed in on URG. TheStreet lowered Ur-Energy from a “c” rating to a “d+” rating in a research report on Tuesday, July 31st. HC Wainwright set a $2.00 target price on Ur-Energy and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research raised Ur-Energy from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Wednesday, October 17th.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Friday, October 26th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01.
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
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