Cameco Corp (NYSE:CCJ) Short Interest Update

Cameco Corp (NYSE:CCJ) (TSE:CCO) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 16,210,000 shares, an increase of 5.6% from the January 15th total of 15,350,000 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is currently 7.8 days.

CCJ stock opened at $9.24 on Friday. The company has a market cap of $3.68 billion, a P/E ratio of 116.38 and a beta of 0.81. Cameco has a twelve month low of $8.00 and a twelve month high of $12.59. The company has a quick ratio of 3.86, a current ratio of 6.51 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $8.76 and a 200-day moving average of $9.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 7th. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The company had revenue of $871.00 million during the quarter, compared to the consensus estimate of $796.59 million. Cameco had a return on equity of 0.84% and a net margin of 4.01%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Cameco by 167.8% in the fourth quarter. Jane Street Group LLC now owns 101,370 shares of the basic materials company’s stock valued at $902,000 after buying an additional 63,517 shares during the period. Blueshift Asset Management LLC bought a new stake in Cameco in the fourth quarter valued at approximately $121,000. Schonfeld Strategic Advisors LLC bought a new stake in Cameco in the fourth quarter valued at approximately $261,000. Skandinaviska Enskilda Banken AB publ raised its stake in Cameco by 1,162.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 178,000 shares of the basic materials company’s stock valued at $1,584,000 after buying an additional 163,900 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Cameco in the fourth quarter valued at approximately $415,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

CCJ has been the topic of a number of recent analyst reports. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating and set a $9.50 price objective on the stock in a research note on Friday, February 7th. Raymond James reissued a “buy” rating and issued a $15.00 price objective on shares of Cameco in a research note on Monday, February 10th. ValuEngine downgraded Cameco from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 4th. Finally, CIBC set a $13.00 target price on Cameco and gave the stock a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.50.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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