Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Update

Uranium Royalty Corp. (NASDAQ:UROY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,218,128 shares, an increase of 63.7% from the August 31st total of 3,188,224 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 3,295,989 shares, the short-interest ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

UROY has been the subject of several recent analyst reports. Weiss Ratings cut Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Zacks Research downgraded Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Finally, National Bank Financial initiated coverage on Uranium Royalty in a research report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Uranium Royalty has an average rating of “Moderate Buy” and an average price target of $4.12.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors and hedge funds have recently modified their holdings of UROY. CenterBook Partners LP grew its holdings in Uranium Royalty by 828.7% during the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after purchasing an additional 3,968,521 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Uranium Royalty in the 2nd quarter valued at about $421,000. The Manufacturers Life Insurance Company bought a new position in shares of Uranium Royalty during the second quarter valued at approximately $402,000. Squarepoint Ops LLC bought a new stake in Uranium Royalty in the second quarter valued at $397,000. Finally, Renaissance Technologies LLC lifted its stake in Uranium Royalty by 206.5% in the first quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after buying an additional 132,551 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Uranium Royalty Trading Up 0.9%

Uranium Royalty stock traded up $0.04 during midday trading on Wednesday, reaching $4.12. The stock had a trading volume of 1,175,531 shares, compared to its average volume of 2,966,290. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88. Uranium Royalty has a twelve month low of $2.56 and a twelve month high of $5.52. The stock has a market capitalization of $1.55 billion, a PE ratio of 45.72 and a beta of 1.42. The stock’s 50-day simple moving average is $4.04 and its 200 day simple moving average is $3.61.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The firm had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Analysts expect that Uranium Royalty will post 0.05 EPS for the current year.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.