Ur-Energy Inc. (NYSEAMERICAN:URG) Short Interest Down 21.2% in October

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large decrease in short interest during the month of 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. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,770,000 shares, the short-interest ratio is presently 3.9 days.

Insider Activity at Ur-Energy

In other Ur-Energy news, Director Gary C. Huber sold 97,628 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total transaction of $120,082.44. Following the sale, the director now directly owns 404,869 shares of the company’s stock, valued at approximately $497,988.87. This represents a 19.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger L. Smith sold 228,119 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $1.20, for a total transaction of $273,742.80. Following the completion of the transaction, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at $735,673.20. This trade represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 605,480 shares of company stock valued at $726,708 in the last quarter. Insiders own 3.29% of the company’s stock.

Institutional Trading of Ur-Energy

Several hedge funds have recently modified their holdings of URG. Xponance Inc. purchased a new position in Ur-Energy during the second quarter valued at $25,000. FMR LLC increased its position in Ur-Energy by 1,864.0% during the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after buying an additional 28,016 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Ur-Energy in the 2nd quarter valued at about $51,000. Tidal Investments LLC acquired a new stake in Ur-Energy during the 1st quarter worth $65,000. Finally, Intech Investment Management LLC purchased a new stake in Ur-Energy in the 3rd quarter valued at about $73,000. Institutional investors own 57.51% of the company’s stock.

Ur-Energy Trading Up 0.8 %

Ur-Energy stock traded up $0.01 during mid-day trading on Friday, hitting $1.25. The company’s stock had a trading volume of 6,234,540 shares, compared to its average volume of 3,682,398. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $2.01. The company has a market cap of $452.84 million, a P/E ratio of -9.62 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted 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 company had revenue of $6.40 million during the quarter, compared to analyst estimates of $9.67 million. On average, equities analysts forecast that Ur-Energy will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on URG shares. B. Riley dropped their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Roth Mkm reissued a “buy” rating and issued a $2.20 price objective (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. Finally, HC Wainwright lowered their price target on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2.30.

About Ur-Energy

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.