enCore Energy Corp. (NASDAQ:EU) Short Interest Down 6.0% in November

enCore Energy Corp. (NASDAQ:EU) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 7,860,000 shares, a decrease of 6.0% from the November 15th total of 8,360,000 shares. Currently, 4.4% of the shares of the company are sold short. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 6.5 days.

Institutional Trading of enCore Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Rathbones Group PLC bought a new position in shares of enCore Energy in the second quarter worth $39,000. Xponance Inc. purchased a new position in enCore Energy during the second quarter worth about $43,000. Sei Investments Co. bought a new position in enCore Energy in the 2nd quarter worth about $46,000. Franklin Resources Inc. purchased a new stake in shares of enCore Energy in the 3rd quarter valued at about $60,000. Finally, Principal Financial Group Inc. raised its holdings in shares of enCore Energy by 19.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after acquiring an additional 3,652 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Price Performance

Shares of enCore Energy stock traded up $0.08 during trading hours on Tuesday, reaching $3.29. The company had a trading volume of 3,027,907 shares, compared to its average volume of 1,206,513. The firm has a market cap of $612.27 million, a PE ratio of -11.46 and a beta of -0.04. enCore Energy has a one year low of $3.02 and a one year high of $5.05. The business has a fifty day simple moving average of $3.80 and a 200 day simple moving average of $3.82.

Analysts Set New Price Targets

EU has been the subject of several recent research reports. HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of enCore Energy in a report on Tuesday, November 19th. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd.

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.