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

enCore Energy Corp. (NASDAQ:EU) saw 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 daily trading volume, of 1,310,000 shares, the short-interest ratio is currently 6.9 days. Currently, 5.0% of the shares of the stock are sold short.

Insider Transactions at enCore Energy

In other news, Director William M. Sheriff sold 24,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total transaction of $85,200.00. Following the sale, the director now directly owns 2,144,055 shares of the company’s stock, valued at $7,611,395.25. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of EU. Savant Capital LLC bought a new position in shares of enCore Energy during the fourth quarter worth $36,000. Sei Investments Co. bought a new position in shares of enCore Energy during the second quarter worth $46,000. Franklin Resources Inc. bought a new position in shares of enCore Energy during the third quarter worth $60,000. Verition Fund Management LLC bought a new position in shares of enCore Energy during the third quarter worth $96,000. Finally, Intech Investment Management LLC bought a new position in shares of enCore Energy during the third quarter worth $110,000. 20.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th.

enCore Energy Stock Down 3.9 %

Shares of EU stock opened at $3.18 on Tuesday. enCore Energy has a 52-week low of $3.02 and a 52-week high of $5.05. The firm’s 50 day moving average price is $3.45 and its two-hundred day moving average price is $3.64.

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.