enCore Energy Corp. (NASDAQ:EU) Short Interest Up 7.9% in March

enCore Energy Corp. (NASDAQ:EUGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,090,000 shares, an increase of 7.9% from the February 29th total of 3,790,000 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EU. Tower Research Capital LLC TRC boosted its stake in shares of enCore Energy by 1,327.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,015 shares of the company’s stock worth $118,000 after purchasing an additional 27,912 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in enCore Energy by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,631 shares of the company’s stock valued at $148,000 after buying an additional 4,227 shares in the last quarter. Paradice Investment Management LLC purchased a new stake in shares of enCore Energy in the fourth quarter valued at approximately $239,000. Royal Bank of Canada lifted its stake in enCore Energy by 109.9% in the fourth quarter. Royal Bank of Canada now owns 61,229 shares of the company’s stock worth $241,000 after acquiring an additional 32,052 shares during the period. Finally, Numerai GP LLC bought a new position in shares of enCore Energy during the 4th quarter worth approximately $262,000. Institutional investors own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on enCore Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective for the company.

Check Out Our Latest Research Report on EU

enCore Energy Trading Up 6.7 %

EU traded up $0.31 during trading on Wednesday, hitting $4.94. 630,617 shares of the company traded hands, compared to its average volume of 1,312,764. The company has a market cap of $893.65 million, a P/E ratio of -30.63 and a beta of -0.03. enCore Energy has a 1 year low of $1.76 and a 1 year high of $4.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.22 and a current ratio of 6.22. The stock has a 50-day moving average price of $4.29.

enCore Energy (NASDAQ:EUGet Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.09) EPS for the quarter. Equities analysts expect that enCore Energy will post 0.17 EPS for the current year.

About enCore Energy

(Get Free Report)

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.

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