Yellow Cake plc (OTCMKTS:YLLXF – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 734,951 shares, a growth of 71.0% from the May 14th total of 429,712 shares. Based on an average daily trading volume, of 3,760 shares, the short-interest ratio is currently 195.5 days.
Yellow Cake Trading Up 10.8%
OTCMKTS YLLXF opened at $8.29 on Tuesday. The business’s 50-day moving average price is $7.93 and its two-hundred day moving average price is $8.16. Yellow Cake has a 12 month low of $6.22 and a 12 month high of $10.35.
About Yellow Cake
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.
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