Short Interest in enCore Energy Corp. (NASDAQ:EU) Expands By 8.3%

enCore Energy Corp. (NASDAQ:EU) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 9,020,000 shares, an increase of 8.3% from the December 15th total of 8,330,000 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 6.9 days.

enCore Energy Stock Up 1.2 %

Shares of EU traded up $0.04 during trading on Monday, reaching $3.32. The company’s stock had a trading volume of 1,166,818 shares, compared to its average volume of 1,472,545. The company has a market cap of $617.92 million, a price-to-earnings ratio of -11.86 and a beta of 0.14. The company has a fifty day moving average of $3.52 and a two-hundred day moving average of $3.70. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05.

Wall Street Analysts Forecast Growth

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

Insider Activity at enCore Energy

In other enCore Energy news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction dated 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 trade represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently bought and sold shares of EU. Verition Fund Management LLC acquired a new position in enCore Energy in the third quarter worth $96,000. Franklin Resources Inc. acquired a new position in shares of enCore Energy in the 3rd quarter valued at about $60,000. Geode Capital Management LLC grew its position 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. Van ECK Associates Corp grew its position in shares of enCore Energy by 89.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after buying an additional 1,148,056 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in enCore Energy during the third quarter worth about $832,000. 20.86% of the stock is owned by institutional investors.

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.