Uranium Energy (NYSEMKT:UEC) reported a drop of 7.1% or 1,076,724 shares in its short interest. The short figure came in at 12.8% of the total floats. The average daily volume of 2,554,858 shares suggests that the days to cover 14,185,087 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 15,261,811 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Uranium Energy (NYSEMKT:UEC): The stock opened at $0.92 on Friday but the bulls could not build on the opening and the stock topped out at $0.92 for the day. The stock traded down to $0.85 during the day, due to lack of any buying support eventually closed down at $0.86 with a loss of -10.45% for the day. The stock had closed at $0.96 on the previous day. The total traded volume was 10,217,007 shares.
The company shares have dropped -44.16% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $1.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $0.87 and the 200 Day Moving Average price is recorded at $0.87.
Uranium Energy (NYSEMKT:UEC) has tumbled 13.01% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.99% in the last four weeks. The stocks have underperformed the S&P 500 by 11.57% during the past week but Uranium Energy (NYSEMKT:UEC) it has outperformed the index in 4 weeks by 15.38%.
Uranium Energy Corp., formerly Carlin Gold Inc., 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). The Company has uranium processing facility or mill located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Companys projects include Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Nichols Project, Anderson Project, Workman Creek Project, Los Cuatros Project, Slick Rock Project, Yuty Project and Coronel Oviedo Project.