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

enCore Energy Corp. (NASDAQ:EU) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 7,800,000 shares, an increase of 15.6% from the October 15th total of 6,750,000 shares. Approximately 4.3% of the shares of the company are sold short. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is presently 6.5 days.

Wall Street Analysts Forecast Growth

EU has been the subject of a number of recent research reports. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of enCore Energy in a research report on Monday, October 7th. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd.

Institutional Trading of enCore Energy

A number of large investors have recently made changes to their positions in EU. Janney Montgomery Scott LLC bought a new stake in shares of enCore Energy during the first quarter valued at approximately $459,000. ProShare Advisors LLC lifted its holdings in shares of enCore Energy by 20.9% in the 1st quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock worth $129,000 after buying an additional 5,074 shares during the period. Vanguard Group Inc. grew its position in shares of enCore Energy by 37.0% during the 1st quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock worth $4,041,000 after buying an additional 249,307 shares in the last quarter. American International Group Inc. increased its stake in shares of enCore Energy by 10.4% during the first quarter. American International Group Inc. now owns 80,557 shares of the company’s stock valued at $353,000 after buying an additional 7,602 shares during the period. Finally, Natixis bought a new stake in shares of enCore Energy in the first quarter valued at about $576,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Trading Up 0.6 %

Shares of EU stock traded up $0.02 on Friday, reaching $3.59. The company’s stock had a trading volume of 1,677,815 shares, compared to its average volume of 1,219,138. The stock’s fifty day simple moving average is $3.92 and its 200-day simple moving average is $3.99. enCore Energy has a 1 year low of $3.02 and a 1 year high of $5.05. The company has a market capitalization of $667.88 million, a price-to-earnings ratio of -29.91 and a beta of 0.05.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $5.32 million for the quarter, compared to analyst estimates of $13.10 million. Equities research analysts forecast that enCore Energy will post -0.11 earnings per share for the current year.

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.