Uranium Royalty Corp. (NASDAQ:UROY) Stock Short Interest Jumps 63.7%

Key Points

• Short interest in Uranium Royalty rose 63.7% to 5.22 million shares as of September 15, representing 1.4% of shares outstanding and a days-to-cover ratio of 1.6.
• Institutional and hedge-fund ownership stands at 24.19%, with several firms recently initiating positions in the company.
• Analyst sentiment remains moderately bullish: three analysts rate UROY a Buy and two rate it a Hold, producing a consensus price target of $4.12; the stock recently traded at $4.12.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,218,128 shares, a growth of 63.7% from the August 31st total of 3,188,224 shares. Currently, 1.4% of the company's shares are sold short. Based on an average daily volume of 3,295,989 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Uranium Royalty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AXQ Capital LP acquired a new position in Uranium Royalty during the second quarter worth $37,000. Hunter Associates Investment Management LLC purchased a new position in Uranium Royalty in the first quarter worth approximately $55,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Uranium Royalty during the fourth quarter worth $70,000. Apella Capital LLC purchased a new stake in Uranium Royalty during the first quarter worth approximately $72,000. Finally, Bank of America Corp DE purchased a new stake in shares of Uranium Royalty during the 2nd quarter worth approximately $129,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UROY shares. Zacks Research lowered shares of Uranium Royalty from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Weiss Ratings downgraded Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. HC Wainwright reiterated a "buy" rating and issued a $4.50 price target on shares of Uranium Royalty in a research note on Thursday, July 16th. Finally, National Bank Financial started coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They issued an "outperform" rating and a $3.75 target price for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.12.

Uranium Royalty Price Performance

Shares of NASDAQ UROY traded up $0.04 during mid-day trading on Wednesday, reaching $4.12. The company's stock had a trading volume of 1,175,531 shares, compared to its average volume of 2,966,290. The stock has a market capitalization of $1.55 billion, a P/E ratio of 45.72 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88. Uranium Royalty has a 1-year low of $2.56 and a 1-year high of $5.52. The stock has a 50-day moving average of $4.04 and a two-hundred day moving average of $3.61.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%.The business had revenue of $51.68 million during the quarter, compared to analyst estimates of $52.23 million. On average, equities research analysts anticipate that Uranium Royalty will post 0.05 EPS for the current fiscal year.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company's portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.

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