Energy Fuels Inc (NYSEAMERICAN:UUUU) Sees Significant Increase in Short Interest

Key Points

• Energy Fuels Inc experienced a significant increase in short interest of 36.2% in October, with a total of 41,840,000 shares sold short, amounting to approximately 18.5% of the stock.
• The stock fell 13.2% to $17.80 after trading on Monday, highlighting market volatility despite analysts' varied ratings and price targets.
• Insider trading activity was notable, with two directors selling a combined total of 30,000 shares in September, reflecting a possible shift in confidence among company leadership.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a report on Friday, July 11th. HC Wainwright raised their price objective on Energy Fuels from $16.25 to $27.50 and gave the company a "buy" rating in a report on Tuesday, October 21st. Finally, B. Riley initiated coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $12.06.

Energy Fuels Stock Down 13.2%

Shares of Energy Fuels stock traded down $2.71 during trading on Monday, reaching $17.80. 36,289,307 shares of the stock were exchanged, compared to its average volume of 13,685,926. The stock's fifty day moving average is $16.78 and its 200 day moving average is $10.20. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -36.33 and a beta of 1.79. Energy Fuels has a 1 year low of $3.20 and a 1 year high of $27.33.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its quarterly earnings results 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). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The company had revenue of $4.21 million during the quarter. The firm's quarterly revenue was up –51.7% compared to the same quarter last year. Equities analysts forecast that Energy Fuels will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $14.85, for a total transaction of $148,500.00. Following the transaction, the director owned 195,617 shares in the company, valued at $2,904,912.45. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Lyle Higgs sold 20,000 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $11.79, for a total value of $235,800.00. Following the transaction, the director owned 256,381 shares in the company, valued at approximately $3,022,731.99. This trade represents a 7.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 618,724 shares of company stock worth $6,782,959 in the last quarter. Insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC bought a new position in Energy Fuels in the third quarter worth about $1,545,000. Truist Financial Corp purchased a new stake in Energy Fuels in the third quarter worth approximately $351,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Energy Fuels by 13.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 15,850 shares of the company's stock worth $243,000 after purchasing an additional 1,870 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Energy Fuels in the third quarter worth approximately $1,186,000. Finally, CIBC Asset Management Inc boosted its holdings in Energy Fuels by 18.6% in the third quarter. CIBC Asset Management Inc now owns 195,122 shares of the company's stock worth $2,993,000 after purchasing an additional 30,591 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

About Energy Fuels

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.

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