enCore Energy Corp. (NASDAQ:EU) Short Interest Update

enCore Energy Corp. (NASDAQ:EU - Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 7,860,000 shares, a decline of 6.0% from the November 15th total of 8,360,000 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 6.5 days.

Analysts Set New Price Targets

Several research analysts have commented on EU shares. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of enCore Energy in a report on Tuesday, November 19th. Ventum Cap Mkts upgraded enCore Energy to a "strong-buy" rating in a research report on Thursday, August 22nd.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of enCore Energy by 89.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company's stock worth $9,762,000 after buying an additional 1,148,056 shares during the period. Azarias Capital Management L.P. lifted its position in shares of enCore Energy by 28.1% in the 2nd quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company's stock worth $20,590,000 after purchasing an additional 1,056,483 shares during the period. Vanguard Group Inc. boosted its stake in shares of enCore Energy by 37.0% during the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company's stock valued at $4,041,000 after purchasing an additional 249,307 shares in the last quarter. National Bank of Canada FI bought a new position in enCore Energy in the third quarter worth approximately $832,000. Finally, State Street Corp lifted its holdings in enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company's stock worth $12,466,000 after buying an additional 105,685 shares during the period. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

enCore Energy Price Performance

Shares of enCore Energy stock traded up $0.01 during trading on Tuesday, hitting $3.22. The stock had a trading volume of 4,206,708 shares, compared to its average volume of 1,217,400. enCore Energy has a 12 month low of $3.02 and a 12 month high of $5.05. The stock has a market cap of $599.25 million, a PE ratio of -11.50 and a beta of -0.04. The firm's fifty day simple moving average is $3.80 and its 200-day simple moving average is $3.82.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.