Short Interest in Uranium Energy Corp. (UEC) Decreases By 12.5%

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 9,574,688 shares, a drop of 12.5% from the October 13th total of 10,941,568 shares. Based on an average daily volume of 811,455 shares, the short-interest ratio is presently 11.8 days. Currently, 6.9% of the company’s stock are short sold.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Uranium Energy Corp. by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 123,344 shares of the basic materials company’s stock valued at $174,000 after buying an additional 5,423 shares during the period. Voya Investment Management LLC bought a new position in shares of Uranium Energy Corp. during the 2nd quarter valued at $104,000. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Uranium Energy Corp. by 9.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 783,379 shares of the basic materials company’s stock valued at $1,246,000 after buying an additional 70,693 shares during the period. Nationwide Fund Advisors bought a new position in shares of Uranium Energy Corp. during the 2nd quarter valued at $121,000. Finally, New York State Common Retirement Fund bought a new position in shares of Uranium Energy Corp. during the 2nd quarter valued at $130,000.

Uranium Energy Corp. (NYSEAMERICAN UEC) opened at $1.49 on Friday. Uranium Energy Corp. has a twelve month low of $0.81 and a twelve month high of $1.92.

Several brokerages have commented on UEC. Zacks Investment Research upgraded Uranium Energy Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, July 29th. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy Corp. in a research note on Tuesday, September 12th. ValuEngine downgraded Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Cantor Fitzgerald downgraded Uranium Energy Corp. from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Roth Capital began coverage on Uranium Energy Corp. in a research note on Wednesday, October 25th. They set a “buy” rating and a $3.00 target price on the stock. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.87.

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About Uranium Energy Corp.

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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