Energy Fuels Inc (UUUU) Sees Significant Drop in Short Interest

Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) was the target of a significant drop in short interest in the month of March. As of March 29th, there was short interest totalling 10,786,352 shares, a drop of 0.2% from the March 15th total of 10,805,410 shares. Approximately 12.7% of the company’s stock are short sold. Based on an average daily volume of 1,007,643 shares, the days-to-cover ratio is currently 10.7 days.

In other news, Director Benjamin Eshleman III sold 33,000 shares of Energy Fuels stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $3.67, for a total transaction of $121,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul A. Carroll sold 10,000 shares of Energy Fuels stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3.21, for a total transaction of $32,100.00. The disclosure for this sale can be found here. Insiders sold 109,000 shares of company stock valued at $393,450 over the last 90 days.

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP bought a new stake in shares of Energy Fuels in the 4th quarter worth approximately $29,000. Osborn Williams & Donohoe LLC bought a new stake in shares of Energy Fuels in the 1st quarter worth approximately $33,000. SG Americas Securities LLC bought a new stake in shares of Energy Fuels in the 1st quarter worth approximately $50,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Energy Fuels by 293.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 17,696 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 13,193 shares during the last quarter. Finally, PFG Advisors bought a new stake in shares of Energy Fuels in the 4th quarter worth approximately $66,000.

NYSEAMERICAN:UUUU traded up $0.08 during mid-day trading on Friday, hitting $2.99. 604,056 shares of the stock traded hands, compared to its average volume of 918,194. Energy Fuels has a 12-month low of $1.82 and a 12-month high of $4.09.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last issued its quarterly earnings data on Tuesday, March 12th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $3.04 million for the quarter, compared to the consensus estimate of $6.54 million.

UUUU has been the topic of a number of recent analyst reports. HC Wainwright reissued a “buy” rating and set a $4.25 price target on shares of Energy Fuels in a research report on Wednesday, March 13th. Zacks Investment Research lowered shares of Energy Fuels from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th.

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About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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