Energy Fuels Inc (NYSEAMERICAN:UUUU) Short Interest Up 354,017.6% in July

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 recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 30,100,000 shares, anincreaseof354,017.6% from the June 30th total of 8,500 shares. Based on an average daily volume of 11,600,000 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 11,600,000 shares, the short-interest ratio is presently 2.6 days.

Energy Fuels Stock Down 3.4%

Shares of UUUU traded down $0.31 during mid-day trading on Friday, reaching $8.78. 8,978,460 shares of the company's stock were exchanged, compared to its average volume of 9,829,570. The company has a 50-day simple moving average of $6.53 and a two-hundred day simple moving average of $5.32. Energy Fuels has a 52-week low of $3.20 and a 52-week high of $10.41. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -20.42 and a beta of 1.68.

Insider Buying and Selling at Energy Fuels

In related news, VP Timothy James Carstens sold 210,612 shares of Energy Fuels stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total value of $1,147,835.40. Following the completion of the transaction, the vice president owned 517,029 shares in the company, valued at $2,817,808.05. The trade was a 28.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 218,597 shares of company stock valued at $1,192,142. 1.77% of the stock is owned by insiders.

Institutional Trading of Energy Fuels

A number of hedge funds have recently bought and sold shares of UUUU. Byrne Asset Management LLC boosted its holdings in shares of Energy Fuels by 114.6% in the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after purchasing an additional 4,127 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Energy Fuels by 793.4% in the 4th quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock worth $30,000 after buying an additional 5,260 shares during the period. Lionstone Capital Management LLC purchased a new position in shares of Energy Fuels in the 4th quarter worth $35,000. Adams Wealth Management purchased a new position in shares of Energy Fuels in the 1st quarter worth $37,000. Finally, CacheTech Inc. purchased a new position in shares of Energy Fuels in the 1st quarter worth $37,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Analyst Upgrades and Downgrades

UUUU has been the topic of several recent research reports. B. Riley initiated coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price on the stock. HC Wainwright lowered their target price on Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Roth Capital cut 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.

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.

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