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

Yellow Cake plc (OTCMKTS:YLLXF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 300,200 shares, a decline of 43.3% from the September 30th total of 529,200 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 31.9 days. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is currently 31.9 days.

Yellow Cake Trading Down 3.6%

Yellow Cake stock opened at $7.47 on Friday. The business’s 50-day simple moving average is $7.43 and its two-hundred day simple moving average is $6.83. Yellow Cake has a fifty-two week low of $4.81 and a fifty-two week high of $8.35.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “buy” rating on shares of Yellow Cake in a research note on Thursday, October 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.