Uranium Royalty Corp. (NASDAQ:UROY) Sees Significant Increase in Short Interest

Uranium Royalty Corp. (NASDAQ:UROY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 11,470,000 shares, an increase of 34.9% from the December 15th total of 8,500,000 shares. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 10.4% of the shares of the company are sold short.

Uranium Royalty Stock Performance

Shares of NASDAQ:UROY traded up $0.08 on Friday, hitting $2.32. The company’s stock had a trading volume of 1,856,272 shares, compared to its average volume of 1,846,079. The company has a market capitalization of $309.93 million, a price-to-earnings ratio of 77.36 and a beta of 1.13. Uranium Royalty has a 12 month low of $1.86 and a 12 month high of $3.76. The stock’s 50-day moving average is $2.38 and its two-hundred day moving average is $2.40.

Hedge Funds Weigh In On Uranium Royalty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fourth Sail Capital LP bought a new stake in shares of Uranium Royalty during the 3rd quarter worth about $1,428,000. Stifel Financial Corp acquired a new position in shares of Uranium Royalty during the third quarter valued at approximately $388,000. XTX Topco Ltd bought a new stake in Uranium Royalty during the third quarter worth approximately $251,000. Sanctuary Advisors LLC acquired a new stake in Uranium Royalty in the third quarter worth approximately $233,000. Finally, Bayshore Asset Management LLC bought a new position in Uranium Royalty during the 3rd quarter valued at $147,000. Institutional investors own 24.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UROY. B. Riley started coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They issued a “buy” rating and a $3.50 price objective on the stock. HC Wainwright restated a “buy” rating and issued a $7.70 price target on shares of Uranium Royalty in a research note on Thursday, December 19th.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.