enCore Energy Corp. (NASDAQ:EU) Short Interest Up 7.2% in November

enCore Energy Corp. (NASDAQ:EU) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 8,360,000 shares, a growth of 7.2% from the October 31st total of 7,800,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 4.7% of the company’s stock are short sold.

enCore Energy Stock Performance

enCore Energy stock opened at $3.74 on Tuesday. The company’s fifty day moving average price is $3.95 and its 200 day moving average price is $3.91. The stock has a market capitalization of $695.98 million, a P/E ratio of -13.36 and a beta of -0.04. enCore Energy has a 1 year low of $3.02 and a 1 year high of $5.05.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a research note on Tuesday, November 19th.

Hedge Funds Weigh In On enCore Energy

A number of large investors have recently made changes to their positions in EU. Azarias Capital Management L.P. grew its stake in shares of enCore Energy by 28.1% during the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock valued at $20,590,000 after acquiring an additional 1,056,483 shares in the last quarter. State Street Corp boosted its position in enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after purchasing an additional 105,685 shares during the period. Van ECK Associates Corp grew its holdings in shares of enCore Energy by 89.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock worth $9,762,000 after purchasing an additional 1,148,056 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of enCore Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after acquiring an additional 24,786 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its stake in shares of enCore Energy by 10.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,082,548 shares of the company’s stock worth $4,265,000 after buying an additional 104,900 shares during the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

About enCore Energy

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.