Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,311,717 shares, a growth of 3.3% from the August 15th total of 3,206,013 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 1,436,674 shares, the short-interest ratio is currently 2.3 days.

URG stock opened at $0.82 on Thursday. Ur-Energy has a one year low of $0.50 and a one year high of $0.91.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Friday, July 27th. The basic materials company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Ur-Energy had a negative net margin of 25.68% and a negative return on equity of 27.83%. The company had revenue of $3.81 million during the quarter, compared to analysts’ expectations of $6.16 million.

URG has been the subject of several recent analyst reports. TheStreet upgraded shares of Ur-Energy from a “d+” rating to a “c” rating in a research note on Monday, June 18th. 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, July 30th. Finally, Zacks Investment Research upgraded shares of Ur-Energy from a “hold” rating to a “strong-buy” rating and set a $0.75 target price for the company in a research note on Wednesday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1.58.

A hedge fund recently raised its stake in Ur-Energy stock. Citadel Advisors LLC lifted its stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,651 shares of the basic materials company’s stock after purchasing an additional 156,134 shares during the period. Citadel Advisors LLC owned approximately 0.15% of Ur-Energy worth $129,000 as of its most recent SEC filing.

About Ur-Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.

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