Lightbridge Co. (NASDAQ:LTBR) Sees Large Growth in Short Interest

Lightbridge Co. (NASDAQ:LTBR) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,360,000 shares, a growth of 21.0% from the January 31st total of 1,950,000 shares. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 1.0 days.

Insider Transactions at Lightbridge

In other news, CFO Larry Goldman sold 3,707 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.03, for a total value of $26,060.21. Following the completion of the transaction, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at approximately $1,390,091.11. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrey Mushakov sold 45,070 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the sale, the executive vice president now directly owns 189,893 shares in the company, valued at approximately $1,703,340.21. The trade was a 19.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,943 shares of company stock valued at $1,271,668. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Lightbridge

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in Lightbridge during the 4th quarter valued at about $627,000. State Street Corp grew its stake in shares of Lightbridge by 18.4% during the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Lightbridge during the third quarter valued at about $288,000. Virtu Financial LLC raised its position in shares of Lightbridge by 118.8% in the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock valued at $78,000 after purchasing an additional 15,150 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Lightbridge in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Stock Performance

LTBR stock opened at $9.30 on Friday. Lightbridge has a one year low of $2.21 and a one year high of $16.90. The firm has a market cap of $146.63 million, a price-to-earnings ratio of -12.40 and a beta of 2.26. The firm has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $6.22.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Wednesday, February 26th. The energy company reported ($0.24) EPS for the quarter.

Lightbridge Company Profile

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.