enCore Energy Corp. (NASDAQ:EU) Short Interest Update

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

Insiders Place Their Bets

In other news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total value of $85,200.00. Following the sale, the director now owns 2,144,055 shares in the company, valued at approximately $7,611,395.25. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On enCore Energy

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in enCore Energy by 3.5% during the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after acquiring an additional 105,685 shares during the period. Van ECK Associates Corp grew its stake in shares of enCore Energy by 89.3% during the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock worth $9,762,000 after purchasing an additional 1,148,056 shares during the period. Geode Capital Management LLC increased its holdings in enCore Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after purchasing an additional 24,786 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in enCore Energy by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,297 shares of the company’s stock valued at $1,767,000 after buying an additional 15,740 shares during the period. Finally, Rhumbline Advisers boosted its holdings in enCore Energy by 7.1% during the second quarter. Rhumbline Advisers now owns 260,172 shares of the company’s stock worth $1,025,000 after buying an additional 17,191 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Trading Up 1.2 %

Shares of NASDAQ EU opened at $3.32 on Friday. enCore Energy has a 12-month low of $3.02 and a 12-month high of $5.05. The firm’s 50-day simple moving average is $3.52 and its 200 day simple moving average is $3.71.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a report 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.