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

enCore Energy Corp. (NASDAQ:EU) was the recipient of a significant increase in short interest in 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 company’s shares are sold short.

enCore Energy Price Performance

Shares of EU stock 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 company’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.71.

Insider Buying and Selling at enCore Energy

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

Institutional Investors Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. bought a new stake in shares of enCore Energy during the 2nd quarter worth approximately $43,000. Sei Investments Co. bought a new stake in enCore Energy during the second quarter worth $46,000. Franklin Resources Inc. acquired a new stake in enCore Energy in the third quarter valued at $60,000. Verition Fund Management LLC bought a new position in shares of enCore Energy in the 3rd quarter valued at about $96,000. Finally, Intech Investment Management LLC acquired a new position in shares of enCore Energy during the 3rd quarter worth about $110,000. 20.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of enCore Energy in a research note 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.