Short Interest in Foremost Clean Energy Ltd. (NASDAQ:FMST) Declines By 41.4%

Foremost Clean Energy Ltd. (NASDAQ:FMST) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 86,124 shares, a decline of 41.4% from the February 12th total of 146,995 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 169,507 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 169,507 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s shares are sold short.

Foremost Clean Energy Stock Down 5.0%

FMST stock traded down $0.11 during trading on Friday, hitting $2.09. The company had a trading volume of 194,716 shares, compared to its average volume of 154,131. Foremost Clean Energy has a 52-week low of $0.60 and a 52-week high of $5.74. The company has a 50 day simple moving average of $2.22 and a 200-day simple moving average of $2.70. The firm has a market capitalization of $30.43 million, a P/E ratio of -6.33 and a beta of 6.13.

Foremost Clean Energy (NASDAQ:FMST) last issued its earnings results on Wednesday, February 11th. The company reported ($0.10) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Foremost Clean Energy will post -0.58 earnings per share for the current year.

Institutional Trading of Foremost Clean Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP purchased a new position in shares of Foremost Clean Energy in the third quarter worth about $172,000. Jane Street Group LLC grew its holdings in shares of Foremost Clean Energy by 135.2% in the fourth quarter. Jane Street Group LLC now owns 71,962 shares of the company’s stock valued at $153,000 after purchasing an additional 41,372 shares in the last quarter. XTX Topco Ltd acquired a new position in Foremost Clean Energy during the 4th quarter worth $66,000. Goldman Sachs Group Inc. acquired a new stake in Foremost Clean Energy in the fourth quarter valued at approximately $63,000. Finally, Virtu Financial LLC purchased a new position in Foremost Clean Energy in the fourth quarter valued at $50,000. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Foremost Clean Energy presently has an average rating of “Sell”.

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.