enCore Energy Corp. (NASDAQ:EU) Short Interest Up 8.3% in January

enCore Energy Corp. (NASDAQ:EUGet Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 9,020,000 shares, an increase of 8.3% from the December 31st total of 8,330,000 shares. Based on an average trading volume of 1,310,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 5.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of enCore Energy in a research report on Tuesday, November 19th.

Check Out Our Latest Research Report on EU

enCore Energy Trading Down 3.9 %

Shares of NASDAQ EU opened at $3.18 on Tuesday. The stock has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $3.64. enCore Energy has a 12-month low of $3.02 and a 12-month high of $5.05.

Insider Activity

In related news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total transaction of $85,200.00. Following the completion of the sale, the director now directly owns 2,144,055 shares of the company’s stock, valued at approximately $7,611,395.25. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of enCore Energy

Several large investors have recently added to or reduced their stakes in EU. Azarias Capital Management L.P. boosted its holdings in enCore Energy by 6.8% in the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock worth $18,230,000 after purchasing an additional 342,657 shares in the last quarter. Van ECK Associates Corp raised its position in shares of enCore Energy by 79.8% during the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock valued at $14,929,000 after buying an additional 1,943,731 shares during the last quarter. State Street Corp raised its position in shares of enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after buying an additional 105,685 shares during the last quarter. Geode Capital Management LLC raised its position in shares of enCore Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after buying an additional 24,786 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of enCore Energy by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,297 shares of the company’s stock valued at $1,767,000 after buying an additional 15,740 shares during the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

About enCore Energy

(Get Free Report)

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.

Further Reading

Receive News & Ratings for enCore Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for enCore Energy and related companies with MarketBeat.com's FREE daily email newsletter.