Short Interest in Uranium Royalty Corp. (NASDAQ:UROY) Expands By 19.8%

Uranium Royalty Corp. (NASDAQ:UROY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 4,110,000 shares, a growth of 19.8% from the June 30th total of 3,430,000 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 4.1 days.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $7.70 price target on shares of Uranium Royalty in a report on Monday, June 17th.

Institutional Investors Weigh In On Uranium Royalty

A number of large investors have recently added to or reduced their stakes in UROY. Cannell & Co. purchased a new stake in shares of Uranium Royalty in the 4th quarter worth about $32,000. Murchinson Ltd. purchased a new stake in shares of Uranium Royalty in the 1st quarter worth about $51,000. Quadrature Capital Ltd lifted its position in shares of Uranium Royalty by 80.6% in the 4th quarter. Quadrature Capital Ltd now owns 44,954 shares of the company’s stock worth $121,000 after purchasing an additional 20,057 shares during the period. Bailard Inc. purchased a new stake in shares of Uranium Royalty in the 4th quarter worth about $55,000. Finally, HTLF Bank purchased a new position in Uranium Royalty during the 4th quarter valued at about $97,000. Institutional investors own 24.19% of the company’s stock.

Uranium Royalty Price Performance

Uranium Royalty stock traded down $0.08 during trading hours on Monday, reaching $2.23. The stock had a trading volume of 1,060,925 shares, compared to its average volume of 1,431,489. The stock has a market cap of $269.05 million, a PE ratio of 45.41 and a beta of 1.22. Uranium Royalty has a 52 week low of $2.02 and a 52 week high of $3.76. The company has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.63.

About Uranium Royalty

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 has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; 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 Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.