enCore Energy Corp. (NASDAQ:EU) Sees Large Growth in Short Interest

enCore Energy Corp. (NASDAQ:EU) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 8,330,000 shares, a growth of 6.0% from the November 30th total of 7,860,000 shares. Approximately 4.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 6.7 days.

Institutional Trading of enCore Energy

A number of large investors have recently bought and sold shares of EU. Van ECK Associates Corp grew its position 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 buying an additional 1,148,056 shares during the period. National Bank of Canada FI acquired a new stake in enCore Energy in the third quarter worth $832,000. State Street Corp increased its stake in enCore Energy by 3.5% in the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after purchasing an additional 105,685 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in enCore Energy by 10.7% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,082,548 shares of the company’s stock valued at $4,265,000 after purchasing an additional 104,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of enCore Energy by 22.9% during the second quarter. Bank of New York Mellon Corp now owns 515,641 shares of the company’s stock valued at $2,032,000 after purchasing an additional 95,925 shares during the period. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Stock Up 0.9 %

EU opened at $3.41 on Thursday. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05. The company has a fifty day moving average of $3.62 and a 200-day moving average of $3.75. The stock has a market cap of $634.65 million, a PE ratio of -12.18 and a beta of -0.04.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price objective on shares of enCore Energy in a research note on Tuesday, November 19th.

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.