Ur-Energy Inc. (NYSEAMERICAN:URG) Sees Significant Drop in Short Interest

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,033,215 shares, a decrease of 9.3% from the October 15th total of 2,240,768 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 832,589 shares, the days-to-cover ratio is currently 2.4 days.

A number of hedge funds have recently modified their holdings of URG. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ur-Energy during the 3rd quarter worth about $2,057,000. Morgan Stanley grew its position in Ur-Energy by 851.7% during the 3rd quarter. Morgan Stanley now owns 2,155,671 shares of the basic materials company’s stock worth $1,724,000 after purchasing an additional 1,929,171 shares during the period. Bienville Capital Management LLC grew its position in Ur-Energy by 535.0% during the 2nd quarter. Bienville Capital Management LLC now owns 1,377,791 shares of the basic materials company’s stock worth $923,000 after purchasing an additional 1,160,802 shares during the period. Monashee Investment Management LLC acquired a new stake in Ur-Energy during the 3rd quarter worth about $800,000. Finally, Renaissance Technologies LLC acquired a new stake in Ur-Energy during the 3rd quarter worth about $773,000.

NYSEAMERICAN URG traded down $0.03 during midday trading on Monday, hitting $0.73. 273,000 shares of the company traded hands, compared to its average volume of 649,045. Ur-Energy has a 52 week low of $0.57 and a 52 week high of $0.93.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Friday, October 26th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01.

Several research analysts recently issued reports on URG shares. Zacks Investment Research cut Ur-Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. HC Wainwright set a $1.40 target price on Ur-Energy and gave the company a “buy” rating in a research report on Tuesday, October 16th.

COPYRIGHT VIOLATION NOTICE: This report was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.baseballdailydigest.com/news/2018/12/03/ur-energy-inc-urg-sees-significant-drop-in-short-interest.html.

About Ur-Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.

Recommended Story: What is a Candlestick Chart?

Receive News & Ratings for Ur-Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ur-Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply