Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Update

Key Points

• Uranium Royalty Corp. (NASDAQ:UROY) experienced a staggering increase in short interest by 1,559.2% in July, with total short interest rising to around 13.29 million shares.
• Major institutional investors have significantly increased their stakes in Uranium Royalty, with CenterBook Partners LP boosting their position by 890.9% in the last quarter.
• HC Wainwright has reduced its price target for Uranium Royalty from $7.70 to $4.50, while maintaining a "buy" rating on the stock.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 13,290,000 shares, agrowthof1,559.2% from the June 30th total of 801,000 shares. Based on an average daily trading volume, of 3,680,000 shares, the short-interest ratio is presently 3.6 days. Approximately11.8% of the shares of the stock are sold short. Approximately11.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,680,000 shares, the short-interest ratio is presently 3.6 days.

Uranium Royalty Price Performance

Shares of Uranium Royalty stock traded up $0.06 during trading on Wednesday, reaching $2.77. 2,540,692 shares of the stock traded hands, compared to its average volume of 3,107,815. The company has a market capitalization of $369.51 million, a price-to-earnings ratio of -91.83 and a beta of 1.31. The business has a fifty day simple moving average of $2.49 and a two-hundred day simple moving average of $2.16. Uranium Royalty has a 52-week low of $1.43 and a 52-week high of $3.30.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The company reported ($0.01) EPS for the quarter, meeting analysts' consensus estimates of ($0.01). The business had revenue of $3.30 million during the quarter, compared to the consensus estimate of $9.49 million. On average, research analysts predict that Uranium Royalty will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut their price target on Uranium Royalty from $7.70 to $4.50 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.

Institutional Trading of Uranium Royalty

Several institutional investors and hedge funds have recently modified their holdings of UROY. Integrity Alliance LLC. grew its holdings in Uranium Royalty by 36.4% in the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company's stock worth $39,000 after purchasing an additional 4,212 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Uranium Royalty in the second quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Uranium Royalty by 64.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after purchasing an additional 12,064 shares during the last quarter. Riverwater Partners LLC purchased a new position in Uranium Royalty in the fourth quarter worth $27,000. Finally, Raymond James Financial Inc. purchased a new position in Uranium Royalty in the fourth quarter worth $30,000. Institutional investors own 24.19% of the company's stock.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.