Short Interest: What’s Propelling Cameco Corporation (NYSE:CCJ) After Higher Shorts Reported?

November 29, 2016 - By Richard Conner   ·   0 Comments

Short Interest: What’s Propelling Cameco Corporation (NYSE:CCJ) After Higher Shorts Reported?

The stock of Cameco Corporation (NYSE:CCJ) registered an increase of 8.79% in short interest. CCJ’s total short interest was 11.80 million shares in November as published by FINRA. Its up 8.79% from 10.85M shares, reported previously. With 1.86 million shares average volume, it will take short sellers 6 days to cover their CCJ’s short positions. The short interest to Cameco Corporation’s float is 2.99%. The stock increased 0.54% or $0.05 during the last trading session, hitting $9.31. Cameco Corporation (USA) (NYSE:CCJ) has declined 28.55% since April 26, 2016 and is downtrending. It has underperformed by 33.81% the S&P500.

Cameco Corporation is a uranium producer. The company has a market cap of $3.69 billion. The Firm is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. It has a 68.41 P/E ratio. The Firm operates through three divisions: uranium, fuel services and NUKEM.

Cameco Corporation (USA) (NYSE:CCJ) Ratings Coverage

Out of 4 analysts covering Cameco (NYSE:CCJ), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $24 is the highest target while $17 is the lowest. The $20.50 average target is 120.19% above today’s ($9.31) stock price. Cameco has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, July 21, the company rating was downgraded by Bank of America. The stock of Cameco Corporation (USA) (NYSE:CCJ) earned “Market Perform” rating by Cowen & Co on Thursday, August 6. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 3. The rating was downgraded by Scotia Capital on Thursday, April 7 to “Sector Perform”.

CCJ Company Profile

Cameco Corporation (Cameco), incorporated on January 1, 1997, is a uranium producer. The Firm is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Firm operates through three divisions: uranium, fuel services and NUKEM. Cameco conducts a portion of its exploration, development, mining and milling activities through joint activities located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake. The Company’s subsidiaries include Cameco Fuel Manufacturing Inc. (CFM), Cameco Inc., Power Resources, Inc., Crow Butte Resources, Inc., NUKEM Investments GmbH, Cameco Australia Pty. Ltd. and Cameco Europe Ltd.

More notable recent Cameco Corporation (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Fukushima Earthquake Alert: Should Cameco Corporation Investors Tread With …” on November 25, 2016, also Fool.ca with their article: “Uranium Prices Set to Double: Time to Buy Cameco Corporation” published on November 14, 2016, Fool.ca published: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?” on September 01, 2016. More interesting news about Cameco Corporation (USA) (NYSE:CCJ) were released by: Fool.ca and their article: “Cameco Corporation: Look Out Below?” published on October 04, 2016 as well as Fool.ca‘s news article titled: “Contrarian Investors: Should You Buy Cameco Corporation or Baytex Energy Corp.?” with publication date: October 07, 2016.

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By Richard Conner


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