Ur-Energy Inc. (NYSEAMERICAN:URG) Short Interest Down 21.2% in October

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 14,620,000 shares, a decrease of 21.2% from the October 15th total of 18,550,000 shares. Based on an average daily trading volume, of 3,770,000 shares, the short-interest ratio is currently 3.9 days. Approximately 4.3% of the company’s shares are sold short.

Ur-Energy Stock Performance

NYSEAMERICAN URG traded up $0.01 on Friday, hitting $1.25. 6,266,582 shares of the company were exchanged, compared to its average volume of 3,825,487. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $6.40 million during the quarter, compared to analyst estimates of $9.67 million. As a group, equities analysts expect that Ur-Energy will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

URG has been the subject of several recent research reports. HC Wainwright lowered their price target on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, August 14th. B. Riley reduced their target price on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, Roth Mkm restated a “buy” rating and issued a $2.20 price target (up previously from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2.30.

Insider Transactions at Ur-Energy

In related news, CFO Roger L. Smith sold 228,119 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the sale, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at $735,673.20. The trade was a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary C. Huber sold 97,628 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total transaction of $120,082.44. Following the sale, the director now owns 404,869 shares of the company’s stock, valued at approximately $497,988.87. The trade was a 19.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 605,480 shares of company stock worth $726,708 in the last ninety days. Insiders own 3.29% of the company’s stock.

Institutional Investors Weigh In On Ur-Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URG. Xponance Inc. acquired a new stake in shares of Ur-Energy during the 2nd quarter valued at about $25,000. FMR LLC raised its position in Ur-Energy by 1,864.0% during the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 28,016 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Ur-Energy in the second quarter valued at approximately $51,000. Tidal Investments LLC acquired a new position in shares of Ur-Energy during the 1st quarter worth $65,000. Finally, Intech Investment Management LLC bought a new position in shares of Ur-Energy during the 3rd quarter valued at $73,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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.