Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,682,372 shares, a decline of 2.9% from the November 15th total of 9,966,533 shares. Based on an average trading volume of 1,259,107 shares, the short-interest ratio is presently 7.7 days. Currently, 7.0% of the shares of the company are sold short.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Uranium Energy by 23.6% in the 1st quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock valued at $6,942,000 after purchasing an additional 934,513 shares during the period. TIAA CREF Investment Management LLC acquired a new position in shares of Uranium Energy in the 2nd quarter worth approximately $578,000. Bank of New York Mellon Corp boosted its holdings in shares of Uranium Energy by 221.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 396,904 shares of the basic materials company’s stock worth $632,000 after acquiring an additional 273,560 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Uranium Energy by 79.4% in the 1st quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock worth $1,259,000 after acquiring an additional 392,410 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Uranium Energy by 103.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 460,900 shares of the basic materials company’s stock worth $733,000 after acquiring an additional 234,500 shares in the last quarter.

Shares of Uranium Energy (UEC) opened at $1.74 on Tuesday. Uranium Energy has a 12 month low of $0.94 and a 12 month high of $1.92.

Several equities research analysts have recently weighed in on the company. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Uranium Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research note on Tuesday, September 5th. Roth Capital assumed coverage on Uranium Energy in a research note on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price objective on the stock. Cantor Fitzgerald lowered Uranium Energy from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered Uranium Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Uranium Energy presently has a consensus rating of “Hold” and a consensus price target of $2.83.

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About Uranium Energy

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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