Ur Energy Inc (NYSEAMERICAN:URG) Short Interest Up 281,536.4% in July

Key Points

• Ur Energy Inc reported a staggering increase in short interest, rising **281,536.4%** from 5,500 shares to **15,490,000 shares** as of July 15th.
• Several institutional investors have significantly increased their stakes in Ur Energy, with **Vanguard Group** boosting its holdings by **5.8%** in the last quarter.
• Analysts show strong confidence in Ur Energy, with multiple firms issuing **buy ratings** and a current average price target of **$2.48**.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 15,490,000 shares, agrowthof281,536.4% from the June 30th total of 5,500 shares. Based on an average daily volume of 6,260,000 shares, the days-to-cover ratio is presently 2.5 days. Currently,4.4% of the shares of the company are short sold. Currently,4.4% of the shares of the company are short sold. Based on an average daily volume of 6,260,000 shares, the days-to-cover ratio is presently 2.5 days.

Ur Energy Stock Performance

URG traded down $0.05 during trading on Friday, hitting $1.16. The stock had a trading volume of 3,570,992 shares, compared to its average volume of 5,434,605. The firm has a market cap of $423.19 million, a PE ratio of -8.92 and a beta of 0.97. Ur Energy has a 12 month low of $0.55 and a 12 month high of $1.42. The company has a current ratio of 4.83, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $0.96.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Ur Energy in a report on Tuesday, April 15th. Maxim Group assumed coverage on shares of Ur Energy in a report on Friday, July 25th. They set a "buy" rating and a $3.00 target price for the company. HC Wainwright restated a "buy" rating and set a $2.70 target price on shares of Ur Energy in a report on Tuesday, April 15th. Finally, B. Riley assumed coverage on shares of Ur Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $2.00 target price for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $2.48.

Institutional Trading of Ur Energy

Several hedge funds and other institutional investors have recently bought and sold shares of URG. Vanguard Personalized Indexing Management LLC boosted its position in shares of Ur Energy by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 8,879 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Ur Energy by 37.4% during the 4th quarter. Ameritas Investment Partners Inc. now owns 37,006 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 10,065 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Ur Energy by 178.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 22,395 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Ur Energy by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 25,786 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Ur Energy by 24.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 141,334 shares of the basic materials company's stock valued at $163,000 after acquiring an additional 27,596 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.