Foremost Clean Energy Ltd. (NASDAQ:FMST) Sees Large Increase in Short Interest

Foremost Clean Energy Ltd. (NASDAQ:FMST) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 142,760 shares, a growth of 83.9% from the November 30th total of 77,648 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 397,163 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 397,163 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

FMST has been the subject of several recent research reports. Wall Street Zen downgraded Foremost Clean Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Foremost Clean Energy Stock Performance

Shares of FMST traded down $0.16 during mid-day trading on Monday, reaching $2.23. 137,939 shares of the company were exchanged, compared to its average volume of 447,953. The business has a 50 day simple moving average of $2.85 and a two-hundred day simple moving average of $2.99. The stock has a market capitalization of $31.76 million, a PE ratio of -5.72 and a beta of 6.19. Foremost Clean Energy has a 52 week low of $0.55 and a 52 week high of $5.74.

Foremost Clean Energy (NASDAQ:FMST) last announced its earnings results on Thursday, November 13th. The company reported ($0.15) EPS for the quarter. On average, analysts predict that Foremost Clean Energy will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Foremost Clean Energy

A number of hedge funds have recently bought and sold shares of FMST. Two Sigma Investments LP bought a new stake in Foremost Clean Energy during the third quarter valued at $172,000. Fulton Bank N.A. bought a new position in shares of Foremost Clean Energy in the 2nd quarter worth about $66,000. OneDigital Investment Advisors LLC lifted its stake in shares of Foremost Clean Energy by 35.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock valued at $55,000 after purchasing an additional 5,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Foremost Clean Energy in the 2nd quarter valued at about $57,000. Institutional investors own 0.13% of the company’s stock.

Foremost Clean Energy Company Profile

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.