Lightbridge Co. (NASDAQ:LTBR) Short Interest Update


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Lightbridge Co. (NASDAQ:LTBR) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 156,000 shares, a drop of 21.8% from the March 31st total of 199,400 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 309,200 shares, the short-interest ratio is presently 0.5 days.

Shares of NASDAQ LTBR traded down $0.52 during trading hours on Tuesday, reaching $4.69. 171,886 shares of the stock traded hands, compared to its average volume of 313,984. The company has a market capitalization of $30.84 million, a P/E ratio of -1.79 and a beta of 3.33. Lightbridge has a 52-week low of $2.44 and a 52-week high of $10.73. The company’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $5.23.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings data on Wednesday, March 24th. The energy company reported ($1.37) earnings per share for the quarter.

An institutional investor recently bought a new position in Lightbridge stock. tru Independence LLC purchased a new position in Lightbridge Co. (NASDAQ:LTBR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,000 shares of the energy company’s stock, valued at approximately $46,530,000. tru Independence LLC owned 0.20% of Lightbridge at the end of the most recent reporting period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Lightbridge Company Profile

Lightbridge Corporation, together with its subsidiaries, develops nuclear fuel technology under the Lightbridge Fuel name. It focuses on developing and commercializing metallic nuclear fuels that could enhance resistance of nuclear fuel in existing and new nuclear reactors with a meaningful impact on addressing climate change and air pollution.

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