Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Up 34.9% in January

Uranium Royalty Corp. (NASDAQ:UROY) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 11,470,000 shares, a growth of 34.9% from the December 31st total of 8,500,000 shares. Based on an average trading volume of 2,230,000 shares, the short-interest ratio is currently 5.1 days. Approximately 10.4% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UROY shares. HC Wainwright restated a “buy” rating and issued a $7.70 price objective on shares of Uranium Royalty in a report on Thursday, December 19th. B. Riley initiated coverage on Uranium Royalty in a research note on Monday, October 7th. They issued a “buy” rating and a $3.50 price target on the stock.

Institutional Trading of Uranium Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in UROY. Mountain Lake Investment Management LLC purchased a new position in Uranium Royalty during the 4th quarter worth approximately $33,000. Brave Asset Management Inc. acquired a new stake in shares of Uranium Royalty in the fourth quarter valued at approximately $35,000. Geneos Wealth Management Inc. purchased a new position in shares of Uranium Royalty during the fourth quarter worth approximately $43,000. National Bank of Canada FI increased its holdings in shares of Uranium Royalty by 149.4% in the 3rd quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock valued at $45,000 after acquiring an additional 11,075 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Uranium Royalty in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Uranium Royalty Trading Down 4.0 %

Shares of NASDAQ UROY traded down $0.10 during mid-day trading on Friday, reaching $2.38. The company had a trading volume of 1,605,682 shares, compared to its average volume of 1,998,193. The firm has a 50 day simple moving average of $2.35 and a two-hundred day simple moving average of $2.40. Uranium Royalty has a 52-week low of $1.86 and a 52-week high of $3.76. The stock has a market cap of $317.94 million, a P/E ratio of 79.36 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.