|Day Low/High||1.59 / 1.73|
|52 Wk Low/High||0.65 / 1.47|
Uranium producers are catching a bullish wave, as is big-cap technology.
There are several explanations for the weak action this morning.
The uranium market has been in a five-year bear market that shows no signs of bouncing back.
The most recent short interest data has been released by the NASDAQ for the 07/15/2015 settlement date, which shows a 2,299,973 share increase in total short interest for Uranium Energy Corp , to 13,479,456, an increase of 20.57% since 06/30/2015. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Investors in Uranium Energy Corp saw new options become available this week, for the September 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UEC options chain for the new September 18th contracts and identified the following put contract of particular interest.
In trading on Monday, shares of Uranium Energy Corp entered into oversold territory, changing hands as low as $1.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.