Cameco Co. (NYSE:CCJ) Sees Significant Increase in Short Interest

Cameco Co. (NYSE:CCJGet Free Report) (TSE:CCO) was the target of a significant growth in short interest in February. As of February 29th, there was short interest totalling 19,380,000 shares, a growth of 16.4% from the February 14th total of 16,650,000 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average trading volume of 5,390,000 shares, the days-to-cover ratio is currently 3.6 days.

Cameco Price Performance

Shares of NYSE CCJ opened at $41.11 on Monday. Cameco has a fifty-two week low of $23.73 and a fifty-two week high of $51.33. The business has a 50 day moving average price of $44.32 and a two-hundred day moving average price of $42.31. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market cap of $17.85 billion, a PE ratio of 68.52 and a beta of 0.92.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. Sell-side analysts expect that Cameco will post 2.11 earnings per share for the current fiscal year.

Institutional Trading of Cameco

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in shares of Cameco in the 4th quarter worth approximately $29,000. Allworth Financial LP raised its stake in Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 682 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in Cameco by 210.4% during the 3rd quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 524 shares in the last quarter. Versant Capital Management Inc bought a new stake in Cameco during the 4th quarter valued at $34,000. Finally, CGC Financial Services LLC bought a new stake in Cameco during the 2nd quarter valued at $27,000. Institutional investors own 66.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CCJ. Cantor Fitzgerald downgraded Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.33.

View Our Latest Stock Analysis on Cameco

About Cameco

(Get Free Report)

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

Featured Articles

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.