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

Key Points

• Energy Fuels Inc's short interest surged by 354,017.6% in July, reaching a total of 30,100,000 shares compared to only 8,500 shares at the end of June.
• The company's stock price decreased by 3.4%, trading at $8.78 with a significant trading volume of 8,978,460 shares.
• Insider trading activity included VP Timothy James Carstens selling 210,612 shares, which represented a 28.94% reduction in his holdings.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 30,100,000 shares, agrowthof354,017.6% from the June 30th total of 8,500 shares. Based on an average trading volume of 11,600,000 shares, the days-to-cover ratio is presently 2.6 days. Based on an average trading volume of 11,600,000 shares, the days-to-cover ratio is presently 2.6 days.

Energy Fuels Stock Performance

Shares of Energy Fuels stock traded up $0.16 during midday trading on Tuesday, hitting $9.88. 5,284,238 shares of the company traded hands, compared to its average volume of 9,820,039. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -22.98 and a beta of 1.71. The firm's fifty day moving average price is $6.77 and its 200-day moving average price is $5.40. Energy Fuels has a 12 month low of $3.20 and a 12 month high of $10.41.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UUUU shares. B. Riley started coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company. HC Wainwright dropped their price target on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research note on Friday, July 11th.

Insider Transactions at Energy Fuels

In related news, VP Timothy James Carstens sold 210,612 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the transaction, the vice president owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. The trade was a 28.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 218,597 shares of company stock worth $1,192,142 over the last 90 days. Insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC increased its stake in shares of Energy Fuels by 37.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 27,680 shares of the company's stock valued at $154,000 after acquiring an additional 7,480 shares in the last quarter. Bessemer Group Inc. raised its holdings in Energy Fuels by 19,230.8% during the second quarter. Bessemer Group Inc. now owns 7,539 shares of the company's stock worth $43,000 after buying an additional 7,500 shares during the last quarter. Brookwood Investment Group LLC raised its holdings in Energy Fuels by 53.4% during the second quarter. Brookwood Investment Group LLC now owns 28,591 shares of the company's stock worth $164,000 after buying an additional 9,950 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Energy Fuels by 3.0% during the second quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock worth $291,000 after buying an additional 1,493 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in Energy Fuels by 30.4% during the second quarter. Koshinski Asset Management Inc. now owns 34,292 shares of the company's stock worth $197,000 after buying an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

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.