Negative sentiment towards URG reflected by a jump of 5.52% in short interest


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ur-Energy Inc. shares valued at $88,338 were sold by SMITH ROGER L. on Aug 18. At $1.12 per share, SMITH ROGER L. sold 79,206 shares. The insider’s holdings dropped to 594,619 shares worth approximately $0.78 million following the completion of this transaction.

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Also, FRANKLIN JAMES M. sold 55,653 shares, netting a total of over 61,897 in proceeds. Following the sale of shares at $1.11 each, the insider now holds 605,927 shares.

Before that, GOPLERUD PENNE A had sold 71,211 shares from its account. In a trade valued at $79,536, the Gen Counsel and Corp Secretary traded Ur-Energy Inc. shares for $1.12 each. Upon closing the transaction, the insider’s holdings decreased to 71,211 shares, worth approximately $0.52 million.

As published in their initiating research note from FBR Capital on September 02, 2016, Ur-Energy Inc. [URG] has been an Outperform and the price target has been revised to $1. This represents a -31.0% premium over Thursday’s closing price.

Analyzing URG Stock Performance

On Thursday, Ur-Energy Inc. [AMEX: URG] plunged -0.76% to $1.31. The stock’s lowest price that day was $1.28, but it reached a high of $1.34 in the same session. During the last five days, there has been a surge of approximately 5.65%. Over the course of the year, Ur-Energy Inc. shares have jumped approximately 13.91%. Shares of the company reached a 52-week high of $1.4000 on 02/02/23 and a 52-week low of $0.8201 on 04/25/23. A 50-day SMA is recorded $1.0787, while a 200-day SMA reached $1.0820. Nevertheless, trading volume fell to 1.92 million shares from 1.77 million shares the previous day.

Support And Resistance Levels for Ur-Energy Inc. (URG)

According to the 24-hour chart, there is a support level at 1.2800, which, if violated, would cause prices to drop to 1.2500. In the upper region, resistance lies at 1.3400. The next price resistance is at 1.3700. RSI (Relative Strength Index) is 71.51 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0850, which suggests the price will decrease in the coming days. Percent R is at 12.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Ur-Energy Inc. subject to short interest?

Stocks of Ur-Energy Inc. saw a sharp rise in short interest on Aug 14, 2023 jumping by 0.3 million shares to 5.43 million. Data from Yahoo Finance shows that the short interest on Jul 13, 2023 was 5.13 million shares. A jump of 5.52% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.44.


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