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

enCore Energy Corp. (NASDAQ:EU) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 7,860,000 shares, a decline of 6.0% from the November 15th total of 8,360,000 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 6.5 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EU. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Stock Down 1.9 %

Shares of EU traded down $0.06 during midday trading on Tuesday, reaching $3.15. 1,328,476 shares of the stock were exchanged, compared to its average volume of 1,205,387. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05. The company has a market cap of $586.22 million, a P/E ratio of -11.46 and a beta of -0.04. The stock’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $3.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EU. Van ECK Associates Corp boosted its stake in shares of 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 in the last quarter. Azarias Capital Management L.P. increased its stake in shares of enCore Energy by 28.1% in the 2nd quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock valued at $20,590,000 after acquiring an additional 1,056,483 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of enCore Energy by 37.0% in the 1st quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after acquiring an additional 249,307 shares in the last quarter. National Bank of Canada FI acquired a new stake in enCore Energy in the 3rd quarter valued at $832,000. Finally, State Street Corp grew its position in enCore Energy by 3.5% in the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after purchasing an additional 105,685 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

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.