Ur-Energy Inc. (URG) Sees Large Decrease in Short Interest
Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 3,842,207 shares, a decline of 4.2% from the December 15th total of 4,011,147 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 421,024 shares, the short-interest ratio is presently 9.1 days.
In other Ur-Energy news, Director Paul Macdonell sold 68,763 shares of Ur-Energy stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $0.69, for a total transaction of $47,446.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
URG has been the topic of a number of analyst reports. Roth Capital set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. HC Wainwright set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Ur-Energy from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Thursday, October 19th. B. Riley reissued a “buy” rating on shares of Ur-Energy in a research note on Monday, November 6th. Finally, ValuEngine raised shares of Ur-Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ur-Energy presently has an average rating of “Buy” and an average price target of $1.38.
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Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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