Update on Cameco Co. (NYSE:CCJ) Short Interest

Cameco Company (NYSE: CCJ-Get Rating) (TSE: CCO) saw a significant reduction in the number of short positions held throughout September. As of September 15, there were 16,040,000 shares available for short sale, but as of September 30, there were only 10,430,000 shares available for short sale. As of September 15, there were a total of 16,040,000 shares available for short sale. Currently, short sales represent 2.6% of the company’s total outstanding shares. Based on an average daily trading volume of 5,950,000 shares, the day-to-cover ratio is currently 1.8 days at the time of writing. Examining the ratio will tell you the answer to this question.

On July 27, Cameco (NYSE: CCJ-Get Rating) (TSE: CCO) announced the results of its latest quarterly financial report. Earnings per share (EPS) for the quarter was reported at $0.14 for the basic materials maker, $0.16 higher than the average forecast of ($0.02). Earnings per share for the quarter were reported at $0.14 for the basic materials maker. In addition, Cameco’s operations generated a return on equity of 1.17% and a net margin of 3.48% in their area of ​​operation. During the reporting period, the company generated total revenue of $437.25 million. Analysts expect Cameco to earn $0.23 per share for the current year.
In recent years, many research projects have focused on the CCJ. On Wednesday, StockNews.com expanded its search coverage to include Cameco after the company was added. They recommended that shareholders “keep” their shares in the company. Additionally, the price target that Scotiabank has set for Cameco has changed from $43.00 to $44.00 due to an announcement made in a research note published on Tuesday, August 2. Eight of nine analysts surveyed recommended buying stock in the company, while only one gave the company a “holding” rating, which means maintaining current ownership. According to information from MarketBeat.com, the stock’s average rating is currently ‘Moderate Buy’, and most people agree that the price target is $42.88.

During the trading session that ended Friday at noon, a total of 756,334 CCJ shares were traded for $21.17. That’s down $1.21 from the average volume for the previous trading session, which was 5,691,703 shares. Current Ratio (6.02), Quick Ratio (4.84), and Current Ratio are all taken into account when calculating Debt to Equity (0.20). Cameco hit a one-year high of $32.49, while the company hit a one-year low of $18.03 during the same period. The moving averages for the previous 50 days in the business are $26.88 and the moving averages for the previous 200 days are $25.52. The price of a stock is equivalent to 186.10 earnings and the stock has a beta value of 0.96. The price/earnings growth ratio of the stock is 2.44. The total value of the company, represented by its market cap, is $8.43 billion.

Over the past several months, several institutional investors have rebalanced their investment portfolios to reflect changes in the proportion of CCJ holdings held by each of their respective funds. An amount of $26,000 was spent by Ronald Blue Trust Inc. during the second quarter to acquire a new position in Cameco. Cameco received a brand new investment from AdvisorNet Financial Inc. totaling $29,000 in the first three months of 2018. In addition, Cameco received a $34,000 contribution from Bank of New Hampshire in the first three months of the year. Cameco’s holdings, managed by Patriot Financial Group Insurance Agency LLC, increased 400.0% in the second quarter. After making additional purchases totaling 1,200 shares throughout the period in question, Patriot Financial Group Insurance Agency LLC is now the proud owner of 1,500 shares of the commodity company. The value of these shares is currently $32,000. And finally, in the first three months of this year, JFS Wealth Advisors LLC experienced a 92.9% increase in the total value of its holdings in Cameco. JFS Wealth Advisors LLC increased its holdings of the commodity company’s stock by 812 shares, bringing the total number of shares it owns to 1,686, which has a value of $49,000. This brings the total value of JFS Wealth Advisors LLC holdings to $49,000. Institutions currently own 58.85% of the company’s common stock.

Cameco Corporation meets customers’ uranium needs as part of the company’s product offering. The company is active in several industries, including the uranium and fuel services industries. The Uranium Section is responsible for all aspects of the uranium industry, including the exploration, mining and milling of uranium, and the purchase and marketing of uranium concentrate. uranium. In addition, the section is in charge of marketing uranium products. The Fuel Services business unit is engaged in the production, conversion and refining of uranium concentrate and the purchase and sale of conversion services. Additionally, the unit is involved in the sale of conversion services. In addition, the Fuel Services business unit is in charge of the purchase and sale of fuel conversion services.

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