Cameco Co. (NYSE:CCJ) Short Interest Up 6.7% in April

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 21,370,000 shares, an increase of 6.7% from the March 31st total of 20,020,000 shares. Currently, 4.9% of the company’s shares are short sold. Based on an average daily trading volume, of 4,840,000 shares, the short-interest ratio is currently 4.4 days.

Cameco Stock Up 1.2 %

CCJ opened at $47.50 on Thursday. The stock has a market capitalization of $20.62 billion, a P/E ratio of 120.31 and a beta of 0.92. Cameco has a one year low of $26.15 and a one year high of $52.64. The business’s 50-day simple moving average is $44.76 and its 200-day simple moving average is $44.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.61%. Analysts anticipate that Cameco will post 1.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. FMR LLC lifted its stake in Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Cameco by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock worth $677,148,000 after purchasing an additional 162,569 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Cameco by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock valued at $593,967,000 after buying an additional 288,400 shares in the last quarter. Morgan Stanley boosted its stake in shares of Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after acquiring an additional 428,310 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Cameco by 74.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after purchasing an additional 2,442,190 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.