Is Energy Fuels Inc (UUUU) Going To Burn These Hedge Funds?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. At the top of the heap, Benjamin A. Smith’s Laurion Capital Management cashed in the largest stake of the 700 funds watched by Insider Monkey, valued at close to $0.3 million in stock, and Jim Simons’s Renaissance Technologies was right behind this move, as the fund dropped about $0.1 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Energy Fuels Inc (NYSEMKT:UUUU) but similarly valued. These stocks are Neos Therapeutics Inc (NASDAQ:NEOS), Taseko Mines Limited (USA) (NYSEMKT:TGB), Camtek LTD. (NASDAQ:CAMT), and SeaChange International (NASDAQ:SEAC). This group of stocks’ market caps are similar to UUUU’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $11 million. That figure was $3 million in UUUU’s case. SeaChange International (NASDAQ:SEAC) is the most popular stock in this table. On the other hand Taseko Mines Limited (USA) (NYSEMKT:TGB) is the least popular one with only 4 bullish hedge fund positions. Energy Fuels Inc  (NYSEMKT:UUUU) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SEAC might be a better candidate to consider taking a long position in.

Disclosure: None