Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Down 28.4% in August

Uranium Royalty Corp. (NASDAQ:UROY – Get Rating) benefited from a sharp drop in short-term interest rates in August. As of August 15, there was short interest totaling 367,900 shares, down 28.4% from the July 31 total of 513,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume of 404,500 shares, the short-term interest rate ratio is currently 0.9 days.

Inventory of uranium royalties down 4.1%

Shares of UROY opened at $2.84 on Friday. The company’s 50-day moving average is $2.55 and its 200-day moving average is $3.24. The company has a market capitalization of $274.54 million, a PE ratio of -56.80 and a beta of 1.58. Uranium Royalty has a 12-month low of $2.10 and a 12-month high of $5.95. The company has a current ratio of 276.06, a quick ratio of 121.52 and a debt ratio of 0.08.

A Wall Street analyst gives his opinion

Separately, HC Wainwright raised its price target on Uranium Royalty from $5.20 to $5.70 and gave the company a “buy” rating in a research note on Tuesday.

Institutional Uranium Royalty Trade

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Integrated Advisors Network LLC purchased a new stake in Uranium Royalty in Q1 for approximately $53,000. Citigroup Inc. bought a new stake in Uranium Royalty in the 1st quarter for a value of approximately $77,000. Artemis Investment Management LLP acquired a new stake in Uranium Royalty in Q2 for a value of approximately $51,000. Dubuque Bank & Trust Co. increased its stake in Uranium Royalty by 50.0% in the 1st quarter. Dubuque Bank & Trust Co. now owns 36,000 shares of the company worth $141,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Uranium Royalty in the 1st quarter for a value of approximately $170,000. Institutional investors hold 5.96% of the company’s shares.

About the Uranium Royalty

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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 holds royalty interests in the McArthur River, Cigar Lake, Roughrider, Diabase and Dawn Lake projects in Saskatchewan, Canada; the Anderson and Workman Creek projects in Arizona; the Lance and Reno Creek projects in Wyoming; the 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 the Michelin project in Newfoundland and Labrador, Canada.

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