enCore Energy Corp. (NASDAQ:EU) Short Interest Update

enCore Energy Corp. (NASDAQ:EU) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 8,360,000 shares, a growth of 7.2% from the October 31st total of 7,800,000 shares. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 4.7% of the company’s stock are short sold.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently modified their holdings of EU. Franklin Resources Inc. acquired a new stake in shares of enCore Energy in the third quarter worth $60,000. Tidal Investments LLC boosted its holdings in enCore Energy by 48.7% in the third quarter. Tidal Investments LLC now owns 38,697 shares of the company’s stock valued at $156,000 after purchasing an additional 12,672 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in enCore Energy during the 3rd quarter worth about $128,000. Geode Capital Management LLC raised its stake in shares of enCore Energy by 1.1% during the 3rd 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, National Bank of Canada FI acquired a new position in shares of enCore Energy in the 3rd quarter valued at about $832,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

EU has been the topic of a number of research analyst reports. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Price Performance

Shares of EU stock opened at $3.61 on Wednesday. The business has a fifty day moving average of $3.94 and a 200 day moving average of $3.91. The firm has a market capitalization of $671.78 million, a price-to-earnings ratio of -12.89 and a beta of -0.04. enCore Energy has a 1 year low of $3.02 and a 1 year high of $5.05.

About enCore Energy

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.