Lightbridge Co. (NASDAQ:LTBR) Sees Significant Growth in Short Interest

Lightbridge Co. (NASDAQ:LTBR) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,360,000 shares, an increase of 21.0% from the January 31st total of 1,950,000 shares. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 1.0 days.

Lightbridge Stock Performance

LTBR traded down $0.43 during trading on Friday, reaching $8.74. The company had a trading volume of 909,257 shares, compared to its average volume of 3,191,792. The firm’s 50-day simple moving average is $8.62 and its 200 day simple moving average is $6.17. The company has a market cap of $137.82 million, a price-to-earnings ratio of -11.65 and a beta of 2.26. Lightbridge has a 12-month low of $2.21 and a 12-month high of $16.90.

Lightbridge (NASDAQ:LTBR) last announced its earnings results on Wednesday, February 26th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Activity at Lightbridge

In other Lightbridge news, CFO Larry Goldman sold 3,707 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.03, for a total transaction of $26,060.21. Following the transaction, the chief financial officer now owns 197,737 shares of the company’s stock, valued at $1,390,091.11. This trade represents a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrey Mushakov sold 45,070 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the transaction, the executive vice president now directly owns 189,893 shares in the company, valued at $1,703,340.21. This trade represents a 19.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,943 shares of company stock worth $1,271,668 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lightbridge

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Lightbridge in the 4th quarter valued at about $38,000. Evanson Asset Management LLC bought a new stake in Lightbridge during the fourth quarter worth about $47,000. Squarepoint Ops LLC bought a new position in shares of Lightbridge in the 4th quarter valued at about $55,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lightbridge during the 4th quarter worth about $56,000. Finally, XTX Topco Ltd acquired a new position in shares of Lightbridge during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Lightbridge Company Profile

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.