Uranium Royalty Corp. (NASDAQ:UROY) sees significant growth in short-term interest

Uranium Royalty Corp. (NASDAQ:UROY – Get Rating) was the target of a significant increase in short interest during the month of July. As of July 31, there was short interest totaling 513,500 shares, an increase of 40.5% from the July 15 total of 365,600 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume of 439,100 shares, the short interest ratio is currently 1.2 days.

Hedge funds weigh in on uranium royalty

Institutional investors have recently changed their stake in the company. UBS Group AG increased its position in Uranium Royalty shares by 74.1% during the second quarter. UBS Group AG now owns 167,713 shares of the company worth $381,000 after purchasing an additional 71,386 shares last quarter. Artemis Investment Management LLP bought a new position in Uranium Royalty during Q2 for a value of approximately $51,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Uranium Royalty by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,812,227 shares of the company worth $15,108,000 after acquiring an additional 596,485 shares last quarter. Jane Street Group LLC increased its holdings of Uranium Royalty shares by 272.9% during the first quarter. Jane Street Group LLC now owns 170,396 shares of the company worth $670,000 after purchasing an additional 124,700 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Uranium Royalty in the first quarter with a value of $1,252,000. Institutional investors hold 5.96% of the company’s shares.

Uranium royalties trade down 1.1%

Shares of UROY traded down $0.03 during Friday trading hours, hitting $2.81. 5,917 shares of the company were traded, against an average volume of 329,128. Uranium Royalty has a one-year low of $2.10 and a one-year high of $5.95. The company has a debt ratio of 0.08, a quick ratio of 121.52 and a current ratio of 276.06. The company’s 50-day simple moving average is $2.60 and its two-hundred-day simple moving average is $3.28.

Analyst upgrades and downgrades

Separately, HC Wainwright raised its price target on Uranium Royalty shares from $5.00 to $5.20 and gave the stock a “buy” rating in a Wednesday, May 25 research report.

Uranium Royalty Company Profile

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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 holds royalty interests in the McArthur River, Cigar Lake, Roughrider, Diabase and Dawn Lake projects in Saskatchewan, Canada; the Anderson and Workman Creek projects in Arizona; the Lance and Reno Creek projects in Wyoming; the 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 the Michelin project in Newfoundland and Labrador, Canada.

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