Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 18,712,876 shares, a decrease of 5.0% from the August 15th total of 19,706,703 shares. Currently, 13.2% of the company’s stock are short sold. Based on an average daily volume of 554,506 shares, the short-interest ratio is presently 33.7 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in Uranium Energy in the 2nd quarter worth $129,000. Commerzbank Aktiengesellschaft FI boosted its stake in Uranium Energy by 182.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 856,197 shares of the basic materials company’s stock worth $1,378,000 after purchasing an additional 553,354 shares during the period. BlackRock Inc. boosted its stake in Uranium Energy by 20.4% in the 2nd quarter. BlackRock Inc. now owns 9,834,946 shares of the basic materials company’s stock worth $15,833,000 after purchasing an additional 1,665,036 shares during the period. Bienville Capital Management LLC boosted its stake in Uranium Energy by 7.8% in the 2nd quarter. Bienville Capital Management LLC now owns 620,417 shares of the basic materials company’s stock worth $999,000 after purchasing an additional 45,035 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Uranium Energy by 21.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 331,550 shares of the basic materials company’s stock worth $534,000 after purchasing an additional 57,500 shares during the period.

Shares of NYSEAMERICAN UEC opened at $1.75 on Friday. Uranium Energy has a 1-year low of $0.96 and a 1-year high of $2.00.

Separately, Zacks Investment Research raised shares of Uranium Energy from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Saturday, June 9th.

About Uranium Energy

Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.

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