enCore Energy Corp. (NASDAQ:EU) Short Interest Up 47.7% in October

enCore Energy Corp. (NASDAQ:EU - Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 6,750,000 shares, an increase of 47.7% from the September 30th total of 4,570,000 shares. Currently, 3.7% of the company's stock are sold short. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 5.6 days.

enCore Energy Stock Performance

Shares of NASDAQ:EU traded down $0.01 during midday trading on Tuesday, reaching $3.99. 550,419 shares of the company's stock traded hands, compared to its average volume of 1,216,472. The company has a fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $4.04. enCore Energy has a 1 year low of $3.00 and a 1 year high of $5.05. The company has a market cap of $739.93 million, a P/E ratio of -30.31 and a beta of -0.02.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $5.32 million for the quarter, compared to analyst estimates of $13.10 million. As a group, research analysts forecast that enCore Energy will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on EU. HC Wainwright reissued a "buy" rating and set a $7.00 target price on shares of enCore Energy in a research report on Monday, October 7th. Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a research note on Thursday, August 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Azarias Capital Management L.P. increased its position in shares of enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company's stock worth $18,013,000 after purchasing an additional 2,626,395 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of enCore Energy by 37.0% in the 1st quarter. Vanguard Group Inc. now owns 922,691 shares of the company's stock valued at $4,041,000 after acquiring an additional 249,307 shares during the last quarter. Van ECK Associates Corp purchased a new stake in enCore Energy during the first quarter worth approximately $3,399,000. Natixis purchased a new position in shares of enCore Energy in the 1st quarter valued at $576,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of enCore Energy during the first quarter worth about $83,000. Institutional investors and hedge funds own 20.86% of the company's stock.

enCore Energy Company Profile

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.