Uranium Energy Corp. (NYSEAMERICAN:UEC) Short Interest Up 1,209.9% in July

Key Points

• Uranium Energy Corp. saw a significant 1,209.9% increase in short interest in July, rising from 4,130,000 shares to 54,100,000 shares.
• Institutional investors currently hold 62.28% of Uranium Energy's stock, with notable increases in stakes from companies like American Century Companies and Victory Capital Management.
• Analysts have a positive outlook, with a consensus rating of "Buy" and an average target price of $10.13, following a report from BMO Capital Markets that issued an "outperform" rating.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 54,100,000 shares, anincreaseof1,209.9% from the June 30th total of 4,130,000 shares. Based on an average daily volume of 13,620,000 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily volume of 13,620,000 shares, the days-to-cover ratio is presently 4.0 days.

Uranium Energy Stock Up 6.2%

Shares of Uranium Energy stock traded up $0.54 during midday trading on Monday, hitting $9.21. The company's stock had a trading volume of 11,415,552 shares, compared to its average volume of 14,331,909. The firm has a market capitalization of $4.09 billion, a P/E ratio of -54.17 and a beta of 1.44. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $9.24. The stock has a 50-day simple moving average of $6.98 and a 200-day simple moving average of $6.28.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently made changes to their positions in UEC. Raymond James Financial Inc. bought a new stake in shares of Uranium Energy in the 4th quarter valued at approximately $1,007,000. American Century Companies Inc. boosted its stake in Uranium Energy by 194.6% in the fourth quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock worth $7,649,000 after purchasing an additional 755,285 shares in the last quarter. Sei Investments Co. boosted its stake in Uranium Energy by 9.7% in the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,710 shares in the last quarter. LPL Financial LLC boosted its stake in Uranium Energy by 78.3% in the fourth quarter. LPL Financial LLC now owns 182,338 shares of the basic materials company's stock worth $1,220,000 after purchasing an additional 80,063 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after purchasing an additional 631,929 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets began coverage on Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 target price on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $10.13.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.