enCore Energy Corp. (NASDAQ:EU) Short Interest Up 6.0% in December

enCore Energy Corp. (NASDAQ:EU) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 8,330,000 shares, a growth of 6.0% from the November 30th total of 7,860,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 4.7% of the company’s stock are short sold.

enCore Energy Trading Up 8.5 %

Shares of NASDAQ:EU opened at $3.70 on Friday. The firm has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.75. The company has a market capitalization of $688.63 million, a PE ratio of -13.21 and a beta of -0.04. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in enCore Energy by 3.5% in 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. Van ECK Associates Corp raised its position in enCore Energy by 89.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after purchasing an additional 1,148,056 shares during the last quarter. Geode Capital Management LLC raised its position in enCore Energy by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after purchasing an additional 24,786 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in enCore Energy by 10.7% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,082,548 shares of the company’s stock worth $4,265,000 after purchasing an additional 104,900 shares during the period. Finally, Bank of New York Mellon Corp grew its position in enCore Energy by 22.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 515,641 shares of the company’s stock worth $2,032,000 after purchasing an additional 95,925 shares during the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.