Yellow Cake plc (OTCMKTS:YLLXF) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

YLLXF has been the subject of a number of research reports. Panmure Gordon raised Yellow Cake to a “buy” rating in a research report on Tuesday, December 2nd. Citigroup restated a “buy” rating on shares of Yellow Cake in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Yellow Cake currently has a consensus rating of “Buy”.

Yellow Cake Trading Down 2.1%

OTCMKTS YLLXF opened at $8.71 on Friday. The business’s 50-day moving average price is $7.52 and its 200 day moving average price is $7.25. Yellow Cake has a twelve month low of $4.81 and a twelve month high of $9.19.

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.