Short Interest in Uranium Royalty Corp. (NASDAQ:UROY) Rises By 34.9%

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) saw a large 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. Currently, 10.4% of the shares of the stock are sold short. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Trading of Uranium Royalty

A number of hedge funds have recently bought and sold shares of UROY. Rathbones Group PLC acquired a new stake in shares of Uranium Royalty during the second quarter valued at approximately $57,000. AE Wealth Management LLC acquired a new stake in Uranium Royalty during the 2nd quarter valued at $36,000. Bayshore Asset Management LLC purchased a new stake in shares of Uranium Royalty in the third quarter valued at $147,000. Fourth Sail Capital LP acquired a new stake in shares of Uranium Royalty in the third quarter worth $1,428,000. Finally, Stifel Financial Corp purchased a new position in shares of Uranium Royalty during the third quarter valued at $388,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UROY has been the subject of several research reports. B. Riley assumed coverage on Uranium Royalty in a research note on Monday, October 7th. They set a "buy" rating and a $3.50 target price for the company. HC Wainwright reaffirmed a "buy" rating and issued a $7.70 price objective on shares of Uranium Royalty in a research note on Thursday, December 19th.

Uranium Royalty Stock Down 1.3 %

Shares of NASDAQ UROY traded down $0.03 during mid-day trading on Thursday, hitting $2.24. 2,171,124 shares of the company traded hands, compared to its average volume of 2,172,492. Uranium Royalty has a 1 year low of $1.86 and a 1 year high of $3.76. The stock has a market capitalization of $299.24 million, a price-to-earnings ratio of 74.69 and a beta of 1.13. The business has a 50 day moving average of $2.40 and a two-hundred day moving average of $2.40.

Uranium Royalty Company Profile

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.