Short Interest in Uranium Royalty Corp. (NASDAQ:UROY) Expands By 19.8%

Uranium Royalty Corp. (NASDAQ:UROY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 4,110,000 shares, an increase of 19.8% from the June 30th total of 3,430,000 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 4.1 days.

Uranium Royalty Stock Performance

Shares of NASDAQ:UROY traded down $0.08 during midday trading on Monday, hitting $2.23. The company’s stock had a trading volume of 1,060,925 shares, compared to its average volume of 1,431,489. The stock has a market capitalization of $269.05 million, a price-to-earnings ratio of 45.41 and a beta of 1.22. The stock’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $2.63. Uranium Royalty has a fifty-two week low of $2.02 and a fifty-two week high of $3.76.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.70 target price on shares of Uranium Royalty in a research report on Monday, June 17th.

Institutional Investors Weigh In On Uranium Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cannell & Co. acquired a new stake in Uranium Royalty during the fourth quarter valued at approximately $32,000. Murchinson Ltd. acquired a new stake in Uranium Royalty during the first quarter valued at approximately $51,000. Quadrature Capital Ltd raised its position in Uranium Royalty by 80.6% in the 4th quarter. Quadrature Capital Ltd now owns 44,954 shares of the company’s stock worth $121,000 after purchasing an additional 20,057 shares during the last quarter. Bailard Inc. bought a new position in Uranium Royalty in the 4th quarter worth approximately $55,000. Finally, HTLF Bank bought a new position in Uranium Royalty in the 4th quarter worth approximately $97,000. 24.19% of the stock is owned by institutional investors and hedge funds.

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.