Short Interest in enCore Energy Corp. (NASDAQ:EU) Declines By 6.0%

enCore Energy Corp. (NASDAQ:EU) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,860,000 shares, a decline of 6.0% from the November 15th total of 8,360,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 6.5 days. Approximately 4.4% of the company’s stock are short sold.

enCore Energy Trading Up 0.3 %

NASDAQ:EU opened at $3.22 on Wednesday. The stock’s 50 day simple moving average is $3.80 and its 200-day simple moving average is $3.82. enCore Energy has a 12-month low of $3.02 and a 12-month high of $5.05. The firm has a market cap of $599.25 million, a P/E ratio of -11.50 and a beta of -0.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EU. Rathbones Group PLC purchased a new position in enCore Energy in the second quarter valued at about $39,000. Xponance Inc. acquired a new stake in shares of enCore Energy in the 2nd quarter worth approximately $43,000. Sei Investments Co. purchased a new position in enCore Energy in the 2nd quarter valued at approximately $46,000. Franklin Resources Inc. acquired a new position in enCore Energy during the third quarter worth $60,000. Finally, Principal Financial Group Inc. boosted its position in enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares in the last quarter. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EU. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th. Ventum Cap Mkts raised shares of enCore Energy to a “strong-buy” rating in a research report 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.