Ur Energy Inc (NYSEAMERICAN:URG) Short Interest Update

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 was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 15,490,000 shares, anincreaseof281,536.4% from the June 30th total of 5,500 shares. Currently,4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,260,000 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 6,260,000 shares, the short-interest ratio is presently 2.5 days. Currently,4.4% of the shares of the stock are short sold.

Ur Energy Stock Performance

Ur Energy stock traded up $0.05 during mid-day trading on Tuesday, hitting $1.28. The company had a trading volume of 1,774,986 shares, compared to its average volume of 5,446,010. The company has a current ratio of 4.83, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. Ur Energy has a 12-month low of $0.55 and a 12-month high of $1.42. The company's fifty day moving average is $1.09 and its 200-day moving average is $0.96. The company has a market capitalization of $465.15 million, a price-to-earnings ratio of -9.81 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new stake in shares of Ur Energy in the 4th quarter worth $54,000. Wellington Management Group LLP acquired a new stake in shares of Ur Energy in the 4th quarter worth $58,000. Northern Trust Corp increased its stake in shares of Ur Energy by 10.8% in the 4th quarter. Northern Trust Corp now owns 2,240,511 shares of the basic materials company's stock worth $2,577,000 after acquiring an additional 218,160 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Ur Energy by 55.4% during the 4th quarter. ProShare Advisors LLC now owns 99,624 shares of the basic materials company's stock worth $115,000 after purchasing an additional 35,534 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Ur Energy by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 237,040 shares of the basic materials company's stock worth $273,000 after purchasing an additional 37,084 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on URG. HC Wainwright reissued a "buy" rating and issued a $2.70 target price on shares of Ur Energy in a report on Tuesday, April 15th. Alliance Global Partners reaffirmed a "buy" rating on shares of Ur Energy in a research note on Tuesday, April 15th. Maxim Group started coverage on shares of Ur Energy in a research note on Friday, July 25th. They set a "buy" rating and a $3.00 price objective for the company. Finally, B. Riley started coverage on shares of Ur Energy in a research note on Wednesday, July 23rd. They set a "buy" rating and a $2.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $2.48.

About Ur Energy

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.