Foremost Clean Energy Ltd. (NASDAQ:FMST) Sees Significant Decrease in Short Interest

Foremost Clean Energy Ltd. (NASDAQ:FMST) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 86,124 shares, a decrease of 41.4% from the February 12th total of 146,995 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 169,507 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 169,507 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FMST. Millennium Management LLC bought a new stake in Foremost Clean Energy in the fourth quarter worth $25,000. Engineers Gate Manager LP bought a new position in Foremost Clean Energy during the fourth quarter valued at about $41,000. Virtu Financial LLC acquired a new stake in shares of Foremost Clean Energy in the fourth quarter worth about $50,000. OneDigital Investment Advisors LLC lifted its position in shares of Foremost Clean Energy by 35.7% in the third quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock worth $55,000 after buying an additional 5,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Foremost Clean Energy during the 2nd quarter worth about $57,000. Institutional investors own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

FMST has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Foremost Clean Energy Trading Down 5.0%

NASDAQ FMST traded down $0.11 on Friday, reaching $2.09. The stock had a trading volume of 194,716 shares, compared to its average volume of 154,131. Foremost Clean Energy has a 1 year low of $0.60 and a 1 year high of $5.74. The business has a 50 day moving average price of $2.22 and a 200 day moving average price of $2.71. The company has a market capitalization of $30.43 million, a price-to-earnings ratio of -6.33 and a beta of 6.13.

Foremost Clean Energy (NASDAQ:FMST) last announced its quarterly earnings results on Wednesday, February 11th. The company reported ($0.10) earnings per share (EPS) for the quarter. On average, analysts anticipate that Foremost Clean Energy will post -0.58 earnings per share for the current fiscal year.

Foremost Clean Energy Company Profile

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.