Short Interest in Yellow Cake plc (OTCMKTS:YLLXF) Expands By 25.6%

Yellow Cake plc (OTCMKTS:YLLXF) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 488,329 shares, a growth of 25.6% from the December 15th total of 388,905 shares. Based on an average daily trading volume, of 5,269 shares, the short-interest ratio is presently 92.7 days. Based on an average daily trading volume, of 5,269 shares, the short-interest ratio is presently 92.7 days.

Yellow Cake Price Performance

Shares of YLLXF opened at $8.71 on Tuesday. Yellow Cake has a twelve month low of $4.81 and a twelve month high of $9.19. The firm has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $7.27.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Panmure Gordon upgraded Yellow Cake to a “buy” rating in a report on Tuesday, December 2nd. Citigroup restated a “buy” rating on shares of Yellow Cake in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Yellow Cake Company Profile

Yellow Cake (OTCMKTS:YLLXF) is a UK-listed investment company that provides investors with direct exposure to the uranium market by acquiring and holding physical uranium oxide (U₃O₈). The company’s principal activity is to purchase uranium in the open market and store it for the benefit of shareholders, offering a cost-efficient alternative to direct commodity ownership. Through its structure, Yellow Cake seeks to reflect the price performance of uranium without engaging in traditional mining operations, exploration activities or the production of nuclear fuel.

Under a long-term framework agreement with Kazatomprom, the world’s largest producer of uranium, Yellow Cake has sourced material at favourable pricing terms.