Short Interest in Uranium Energy Corp. (UEC) Decreases By 2.9%
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.
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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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