Ur-Energy Inc. (URG) Short Interest Up 0.3% in April

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 3,107,217 shares, an increase of 0.3% from the April 15th total of 3,096,593 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 409,292 shares, the short-interest ratio is presently 7.6 days.

A number of equities research analysts recently weighed in on URG shares. Zacks Investment Research upgraded Ur-Energy from a “sell” rating to a “hold” rating and set a $0.75 price target on the stock in a report on Friday, March 15th. HC Wainwright restated a “buy” rating and issued a $1.50 price target on shares of Ur-Energy in a report on Monday, April 15th.

URG opened at $0.83 on Friday. Ur-Energy has a 1-year low of $0.54 and a 1-year high of $0.99.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Friday, May 3rd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $4.81 million during the quarter, compared to analysts’ expectations of $4.80 million.

Hedge funds have recently bought and sold shares of the stock. Foresight Wealth Management LLC purchased a new stake in Ur-Energy in the 4th quarter valued at approximately $29,000. Virtu Financial LLC purchased a new stake in Ur-Energy in the 4th quarter valued at approximately $44,000. Rathbone Brothers plc lifted its stake in Ur-Energy by 84.2% in the 1st quarter. Rathbone Brothers plc now owns 70,000 shares of the basic materials company’s stock valued at $58,000 after buying an additional 32,000 shares in the last quarter. Verity Asset Management Inc. lifted its stake in Ur-Energy by 20.5% in the 4th quarter. Verity Asset Management Inc. now owns 181,217 shares of the basic materials company’s stock valued at $118,000 after buying an additional 30,782 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in Ur-Energy in the 4th quarter valued at approximately $123,000.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.wkrb13.com/2019/05/24/ur-energy-inc-urg-short-interest-up-0-3-in-april.html.

About Ur-Energy

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 flagship 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.

Read More: What is Call Option Volume?

Receive News & Ratings for Ur-Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ur-Energy and related companies with MarketBeat.com's FREE daily email newsletter.