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

Yellow Cake plc (OTCMKTS:YLLXF) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 850,629 shares, a growth of 97.1% from the January 15th total of 431,481 shares. Based on an average trading volume of 15,368 shares, the short-interest ratio is currently 55.4 days. Based on an average trading volume of 15,368 shares, the short-interest ratio is currently 55.4 days.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on YLLXF shares. Citigroup reissued a “buy” rating on shares of Yellow Cake in a report on Thursday, January 15th. Panmure Gordon upgraded Yellow Cake to a “buy” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Yellow Cake Trading Down 5.5%

YLLXF opened at $8.65 on Friday. The firm has a fifty day moving average price of $8.39 and a 200 day moving average price of $7.58. Yellow Cake has a 1 year low of $4.81 and a 1 year high of $10.35.

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.