Short Interest in Uranium Royalty Corp. (NASDAQ:UROY) Increases By 39.2%

Uranium Royalty Corp. (NASDAQ:UROY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 5,720,000 shares, an increase of 39.2% from the July 15th total of 4,110,000 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is presently 5.1 days. Currently, 5.7% of the shares of the company are sold short.

Uranium Royalty Stock Performance

Uranium Royalty stock traded up $0.08 during trading on Thursday, hitting $2.20. The company’s stock had a trading volume of 1,048,894 shares, compared to its average volume of 1,447,719. The stock has a market capitalization of $265.44 million, a price-to-earnings ratio of 44.00 and a beta of 1.22. The stock’s fifty day moving average is $2.32 and its 200 day moving average is $2.52. Uranium Royalty has a 1-year low of $1.92 and a 1-year high of $3.76.

Uranium Royalty (NASDAQ:UROY) last posted its earnings results on Wednesday, July 24th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $9.01 million for the quarter. On average, research analysts anticipate that Uranium Royalty will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Uranium Royalty

A number of hedge funds have recently bought and sold shares of UROY. AE Wealth Management LLC bought a new position in Uranium Royalty in the 2nd quarter worth approximately $36,000. Rathbones Group PLC acquired a new position in Uranium Royalty in the second quarter worth approximately $57,000. Acuitas Investments LLC bought a new position in Uranium Royalty during the second quarter valued at about $2,120,000. Virtu Financial LLC acquired a new stake in shares of Uranium Royalty in the first quarter worth $110,000. Finally, Murchinson Ltd. acquired a new position in shares of Uranium Royalty during the 1st quarter worth about $51,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.