Lightbridge Co. (NASDAQ:LTBR) Short Interest Up 22.6% in June

Lightbridge Co. (NASDAQ:LTBR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 135,400 shares, a growth of 22.6% from the May 31st total of 110,400 shares. Based on an average daily trading volume, of 148,500 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Lightbridge

A hedge fund recently bought a new stake in Lightbridge stock. Founders Financial Securities LLC bought a new stake in shares of Lightbridge Co. (NASDAQ:LTBR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,000 shares of the energy company’s stock, valued at approximately $44,000. Founders Financial Securities LLC owned about 0.11% of Lightbridge at the end of the most recent reporting period. Institutional investors own 9.14% of the company’s stock.

Lightbridge Trading Down 8.1 %

NASDAQ:LTBR traded down $0.32 during trading hours on Tuesday, hitting $3.61. 320,551 shares of the company traded hands, compared to its average volume of 128,308. The stock has a market capitalization of $52.09 million, a price-to-earnings ratio of -5.31 and a beta of 2.54. Lightbridge has a twelve month low of $2.21 and a twelve month high of $6.70. The firm has a 50-day moving average of $2.71 and a 200 day moving average of $2.91.

Lightbridge (NASDAQ:LTBR) last released its earnings results on Thursday, May 9th. The energy company reported ($0.21) EPS for the quarter.

About Lightbridge

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.