Short Interest in Ur-Energy Inc. (NYSEAMERICAN:URG) Decreases By 21.2%

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 14,620,000 shares, a decrease of 21.2% from the October 15th total of 18,550,000 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 3,770,000 shares, the days-to-cover ratio is presently 3.9 days.

Ur-Energy Stock Performance

Shares of Ur-Energy stock traded up $0.01 during trading on Friday, reaching $1.25. The company had a trading volume of 6,234,540 shares, compared to its average volume of 3,682,398. The firm has a market cap of $452.84 million, a PE ratio of -9.62 and a beta of 1.11. Ur-Energy has a fifty-two week low of $0.96 and a fifty-two week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $6.40 million for the quarter, compared to analyst estimates of $9.67 million. On average, equities analysts predict that Ur-Energy will post -0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gary C. Huber sold 97,628 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the completion of the transaction, the director now directly owns 404,869 shares of the company’s stock, valued at $497,988.87. The trade was a 19.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Penne A. Goplerud sold 100,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.19, for a total value of $119,000.00. Following the transaction, the insider now owns 412,895 shares of the company’s stock, valued at approximately $491,345.05. This trade represents a 19.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of URG. Lloyd Harbor Capital Management LLC grew its position in shares of Ur-Energy by 167.4% during the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock valued at $11,406,000 after acquiring an additional 5,100,000 shares during the period. Azarias Capital Management L.P. boosted its stake in shares of Ur-Energy by 12.2% during the 2nd quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company’s stock worth $22,918,000 after acquiring an additional 1,786,023 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its holdings in Ur-Energy by 21.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock valued at $4,104,000 after acquiring an additional 517,800 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Ur-Energy during the 2nd quarter worth about $1,099,000. Finally, Toronto Dominion Bank grew its position in shares of Ur-Energy by 153,746.2% during the first quarter. Toronto Dominion Bank now owns 500,000 shares of the basic materials company’s stock worth $800,000 after buying an additional 499,675 shares in the last quarter. Institutional investors own 57.51% of the company’s stock.

Analyst Ratings Changes

URG has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $2.20 target price (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. B. Riley lowered their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, HC Wainwright reduced their price objective on Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.30.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.