Uranium Royalty Corp. (NASDAQ:UROY) Sees Large Growth in Short Interest

Uranium Royalty Corp. (NASDAQ:UROY) was the recipient of a large growth in short interest in the month of 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 days-to-cover ratio is presently 5.1 days. Currently, 10.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Uranium Royalty

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

Uranium Royalty Stock Performance

Shares of UROY traded down $0.03 during trading hours on Friday, hitting $2.46. 395,015 shares of the stock were exchanged, compared to its average volume of 2,103,094. The stock’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.40. The company has a market cap of $327.96 million, a price-to-earnings ratio of 81.53 and a beta of 1.13. Uranium Royalty has a 12-month low of $1.86 and a 12-month high of $3.76.

Wall Street Analysts Forecast Growth

UROY has been the subject of a number of research analyst reports. HC Wainwright restated a “buy” rating and set a $7.70 price objective on shares of Uranium Royalty in a research report on Thursday, December 19th. B. Riley assumed coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They set a “buy” rating and a $3.50 price target for the company.

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.