Short Interest in enCore Energy Corp. (NASDAQ:EU) Grows By 8.8%

enCore Energy Corp. (NASDAQ:EU - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,450,000 shares, a growth of 8.8% from the March 15th total of 4,090,000 shares. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.7% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of enCore Energy in a report on Friday, February 2nd. They issued a "buy" rating and a $6.00 price objective on the stock.

Institutional Trading of enCore Energy

Several hedge funds have recently bought and sold shares of EU. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of enCore Energy by 7.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company's stock worth $32,640,000 after purchasing an additional 541,050 shares during the period. HTLF Bank bought a new stake in enCore Energy in the 4th quarter valued at about $983,000. Fourth Sail Capital LP bought a new stake in enCore Energy in the 4th quarter valued at about $5,519,000. Charles Schwab Investment Management Inc. raised its stake in enCore Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 339,352 shares of the company's stock valued at $1,334,000 after acquiring an additional 5,481 shares during the period. Finally, Arlington Capital Management Inc. bought a new stake in enCore Energy in the 4th quarter valued at about $853,000. Institutional investors and hedge funds own 20.86% of the company's stock.

enCore Energy Trading Down 3.2 %

enCore Energy stock traded down $0.14 during trading hours on Monday, reaching $4.22. 1,050,184 shares of the stock were exchanged, compared to its average volume of 1,308,280. The company has a market cap of $765.25 million, a P/E ratio of -26.38 and a beta of -0.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.03 and a current ratio of 4.04. enCore Energy has a twelve month low of $1.76 and a twelve month high of $4.98. The stock has a 50 day moving average price of $4.26.

enCore Energy (NASDAQ:EU - Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. On average, analysts expect that enCore Energy will post 0.17 earnings per share for the current fiscal year.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.

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