Yellow Cake plc (OTCMKTS:YLLXF) Short Interest Down 28.5% in March

Yellow Cake plc (OTCMKTS:YLLXF) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 358,145 shares, a drop of 28.5% from the February 26th total of 500,735 shares. Based on an average trading volume of 8,567 shares, the days-to-cover ratio is currently 41.8 days.

Wall Street Analyst Weigh In

YLLXF has been the subject of a number of recent research reports. Panmure Gordon raised Yellow Cake to a “buy” rating in a report on Tuesday, December 2nd. Citigroup reissued a “buy” rating on shares of Yellow Cake in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Yellow Cake Stock Down 0.4%

YLLXF stock opened at $8.00 on Friday. The company has a fifty day moving average price of $8.73 and a 200-day moving average price of $7.94. Yellow Cake has a 52-week low of $4.81 and a 52-week 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.