Lightbridge Co. (NASDAQ:LTBR) Short Interest Up 21.0% in February

Lightbridge Co. (NASDAQ:LTBR - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 2,360,000 shares, an increase 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.

Lightbridge Stock Performance

Shares of NASDAQ LTBR traded down $1.59 during midday trading on Monday, hitting $7.72. 1,976,518 shares of the stock traded hands, compared to its average volume of 3,176,985. Lightbridge has a one year low of $2.21 and a one year high of $16.90. The business has a 50 day moving average price of $8.70 and a two-hundred day moving average price of $6.27. The company has a market cap of $157.06 million, a PE ratio of -10.33 and a beta of 2.21.

Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The energy company reported ($0.24) EPS for the quarter.

Insider Activity at Lightbridge

In other news, EVP Andrey Mushakov sold 45,070 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total transaction of $404,277.90. Following the transaction, the executive vice president now owns 189,893 shares of the company's stock, valued at $1,703,340.21. This represents a 19.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Larry Goldman sold 3,707 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the completion of the sale, the chief financial officer now owns 197,737 shares of the company's stock, valued at approximately $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,943 shares of company stock worth $1,271,668 in the last 90 days. Corporate insiders own 6.50% of the company's stock.

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Institutional Trading of Lightbridge

A number of large investors have recently added to or reduced their stakes in LTBR. Capital Market Strategies LLC grew its stake in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company's stock valued at $94,000 after acquiring an additional 5,950 shares in the last quarter. State Street Corp increased its holdings in shares of Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company's stock worth $108,000 after buying an additional 6,000 shares during the period. Geode Capital Management LLC lifted its position in Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock valued at $813,000 after purchasing an additional 6,830 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Lightbridge during the 4th quarter valued at $38,000. Finally, Evanson Asset Management LLC bought a new position in shares of Lightbridge during the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 9.14% of the company's stock.

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.