Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of a significant decrease in short interest in September. As of September 14th, there was short interest totalling 16,599,305 shares, a decrease of 11.3% from the August 31st total of 18,712,876 shares. Based on an average trading volume of 888,936 shares, the days-to-cover ratio is presently 18.7 days. Approximately 11.7% of the shares of the company are sold short.

Several equities analysts have recently weighed in on UEC shares. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Uranium Energy in a research report on Thursday, September 20th. Zacks Investment Research raised shares of Uranium Energy from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research report on Saturday, June 9th.

Several institutional investors and hedge funds have recently modified their holdings of UEC. BlackRock Inc. increased its position in Uranium Energy by 20.4% during the second quarter. BlackRock Inc. now owns 9,834,946 shares of the basic materials company’s stock worth $15,833,000 after acquiring an additional 1,665,036 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Uranium Energy by 182.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 856,197 shares of the basic materials company’s stock worth $1,378,000 after acquiring an additional 553,354 shares during the period. JPMorgan Chase & Co. increased its position in Uranium Energy by 11.0% during the first quarter. JPMorgan Chase & Co. now owns 3,100,992 shares of the basic materials company’s stock worth $4,062,000 after acquiring an additional 306,634 shares during the period. Northern Trust Corp increased its position in Uranium Energy by 15.3% during the second quarter. Northern Trust Corp now owns 1,731,735 shares of the basic materials company’s stock worth $2,789,000 after acquiring an additional 229,845 shares during the period. Finally, Citigroup Inc. increased its position in Uranium Energy by 83.9% during the first quarter. Citigroup Inc. now owns 445,890 shares of the basic materials company’s stock worth $560,000 after acquiring an additional 203,397 shares during the period.

Shares of UEC opened at $1.62 on Thursday. Uranium Energy has a fifty-two week low of $0.96 and a fifty-two week high of $2.00.

Uranium Energy Company Profile

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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