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

enCore Energy Corp. (NASDAQ:EU) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,360,000 shares, a growth of 7.2% from the October 31st total of 7,800,000 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is presently 6.6 days.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently bought and sold shares of EU. Vanguard Group Inc. grew its stake in 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 during the last quarter. Van ECK Associates Corp boosted its holdings in enCore Energy by 89.3% in the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after purchasing an additional 1,148,056 shares during the last quarter. Azarias Capital Management L.P. grew its position in shares of enCore Energy by 28.1% during the 2nd quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock valued at $20,590,000 after buying an additional 1,056,483 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of enCore Energy during the second quarter valued at about $179,000. Finally, Tidal Investments LLC acquired a new position in shares of enCore Energy in the 1st quarter worth $120,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EU. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, August 22nd.

enCore Energy Trading Down 1.1 %

Shares of EU opened at $3.74 on Tuesday. The company has a market cap of $695.98 million, a P/E ratio of -13.36 and a beta of -0.04. The company’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $3.91. enCore Energy has a twelve month low of $3.02 and a twelve month high of $5.05.

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.