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

enCore Energy Corp. (NASDAQ:EU) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 9,020,000 shares, a growth of 8.3% from the December 31st total of 8,330,000 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is currently 6.9 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Stock Down 3.9 %

NASDAQ:EU opened at $3.18 on Tuesday. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05. The business has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.64.

Insiders Place Their Bets

In related news, Director William M. Sheriff sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 2,144,055 shares of the company’s stock, valued at approximately $7,611,395.25. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On enCore Energy

A number of large investors have recently modified their holdings of the business. Vontobel Holding Ltd. lifted its stake in shares of enCore Energy by 84.1% during the 4th quarter. Vontobel Holding Ltd. now owns 104,158 shares of the company’s stock worth $351,000 after buying an additional 47,584 shares during the last quarter. Azarias Capital Management L.P. raised its stake in enCore Energy by 6.8% in the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock valued at $18,230,000 after purchasing an additional 342,657 shares in the last quarter. Van ECK Associates Corp lifted its position in enCore Energy by 79.8% during the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after purchasing an additional 1,943,731 shares during the period. Savant Capital LLC acquired a new stake in shares of enCore Energy in the 4th quarter valued at approximately $36,000. Finally, SG Americas Securities LLC grew its holdings in shares of enCore Energy by 10.2% during the 4th quarter. SG Americas Securities LLC now owns 113,517 shares of the company’s stock valued at $387,000 after purchasing an additional 10,469 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

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.