Uranium Royalty Corp. (NASDAQ:UROY) Sees Significant Growth in Short Interest

Uranium Royalty Corp. (NASDAQ:UROY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 11,470,000 shares, a growth of 34.9% from the December 15th total of 8,500,000 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 5.1 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $7.70 price target on shares of Uranium Royalty in a research note on Thursday, December 19th. B. Riley initiated coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They set a “buy” rating and a $3.50 target price on the stock.

Institutional Investors Weigh In On Uranium Royalty

Hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC purchased a new position in shares of Uranium Royalty in the 2nd quarter worth about $36,000. Brave Asset Management Inc. purchased a new position in Uranium Royalty in the fourth quarter valued at approximately $35,000. National Bank of Canada FI raised its holdings in Uranium Royalty by 149.4% in the third quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock valued at $45,000 after buying an additional 11,075 shares during the period. Rathbones Group PLC purchased a new stake in Uranium Royalty during the second quarter worth approximately $57,000. Finally, Bayshore Asset Management LLC acquired a new stake in shares of Uranium Royalty in the third quarter worth $147,000. 24.19% of the stock is owned by institutional investors and hedge funds.

Uranium Royalty Stock Performance

NASDAQ UROY traded down $0.03 during trading hours on Thursday, hitting $2.24. 243,990 shares of the company’s stock were exchanged, compared to its average volume of 1,962,353. The business’s 50 day moving average is $2.41 and its 200-day moving average is $2.40. Uranium Royalty has a 12-month low of $1.86 and a 12-month high of $3.76. The firm has a market capitalization of $299.24 million, a P/E ratio of 74.69 and a beta of 1.13.

About Uranium Royalty

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.