BlackRock Credit Allocation Income Trust (BTZ) At $13.37 Forms Top; Cameco (CCJ) Sellers Decreased By 0.73% Their Shorts

December 7, 2017 - By Richard Conner

Cameco Corporation (NYSE:CCJ) had a decrease of 0.73% in short interest. CCJ’s SI was 18.38 million shares in December as released by FINRA. Its down 0.73% from 18.51 million shares previously. With 1.98M avg volume, 9 days are for Cameco Corporation (NYSE:CCJ)’s short sellers to cover CCJ’s short positions. The SI to Cameco Corporation’s float is 4.65%. The stock decreased 3.01% or $0.32 during the last trading session, reaching $10.3. About 1.94 million shares traded. Cameco Corporation (NYSE:CCJ) has declined 13.76% since December 7, 2016 and is downtrending. It has underperformed by 30.46% the S&P500.

BlackRock Credit Allocation Income Trust (BTZ) formed multiple top with $14.17 target or 6.00% above today’s $13.37 share price. BlackRock Credit Allocation Income Trust (BTZ) has $1.44B valuation. The stock increased 0.68% or $0.09 during the last trading session, reaching $13.37. About 195,610 shares traded or 17.11% up from the average. BlackRock Credit Allocation Income Trust (NYSE:BTZ) has risen 5.13% since December 7, 2016 and is uptrending. It has underperformed by 11.57% the S&P500.

Cameco Corporation produces and sells uranium worldwide. The company has market cap of $4.14 billion. It operates through three divisions: Uranium, Fuel Services, and NUKEM. It currently has negative earnings. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates.

Among 6 analysts covering Cameco (NYSE:CCJ), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Cameco had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Cameco Corporation (NYSE:CCJ) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 2. The rating was downgraded by Scotia Capital to “Sector Perform” on Thursday, April 7. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, August 6 report. The rating was downgraded by Bank of America on Thursday, July 21 to “Neutral”. The stock has “Neutral” rating by Bank of America on Thursday, January 12. As per Friday, June 30, the company rating was downgraded by Bank of America. RBC Capital Markets maintained Cameco Corporation (NYSE:CCJ) on Friday, October 20 with “Buy” rating. The company was upgraded on Tuesday, February 14 by BMO Capital Markets. The firm earned “Outperform” rating on Tuesday, November 3 by RBC Capital Markets. The rating was maintained by Credit Suisse on Wednesday, April 19 with “Neutral”.

Investors sentiment increased to 1.22 in Q2 2017. Its up 0.41, from 0.81 in 2017Q1. It is positive, as 8 investors sold BlackRock Credit Allocation Income Trust shares while 28 reduced holdings. 13 funds opened positions while 31 raised stakes. 37.74 million shares or 3.45% more from 36.48 million shares in 2017Q1 were reported. Cutter & Co Brokerage stated it has 21,778 shares or 0.12% of all its holdings. Rivernorth Capital Mgmt Lc has invested 2.95% in BlackRock Credit Allocation Income Trust (NYSE:BTZ). Guggenheim Capital Lc owns 144,564 shares. New York-based Blackrock has invested 0% in BlackRock Credit Allocation Income Trust (NYSE:BTZ). Raymond James & Assocs stated it has 0% in BlackRock Credit Allocation Income Trust (NYSE:BTZ). Horizon Kinetics Ltd Liability Corporation reported 63,358 shares. Bankshares Of Ny Mellon Corporation owns 11,601 shares or 0% of their US portfolio. Hollencrest Lc owns 0.08% invested in BlackRock Credit Allocation Income Trust (NYSE:BTZ) for 39,258 shares. Advisory Svcs Network Limited Liability Corp stated it has 0.12% in BlackRock Credit Allocation Income Trust (NYSE:BTZ). Savings Bank Of America Corp De reported 3.64M shares. 3,058 are held by North Star Inv Management Corporation. Cue Group Incorporated has 38,744 shares for 0.37% of their portfolio. Sit Invest invested 1.36% in BlackRock Credit Allocation Income Trust (NYSE:BTZ). Stephens Inc Ar accumulated 58,954 shares or 0.03% of the stock. Commonwealth Equity Serv invested in 0.01% or 112,485 shares.

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