Energy Fuels Inc (NYSE:UUUU) is moving 2.8% higher to trade at $14.06 this morning, after the uranium name said it anticipates hitting its full-year outlook by mid-year. The company also said it expects the cost of sales to extend its drop in 2026.
UUUU has been struggling to maintain upbeat momentum since tapping a 15-year high of $27.90 back in January. Although the stock sports a slim year-to-date deficit, shares remain up 162% year-over-year.
Short interest has been on the rise, up 8.4% over the past two reporting periods. This accounts for 16.1% of the stock's available float, or nearly four days' worth of pent-up buying power.
The options pits are pricing in relatively low volatility expectations, too, per the uranium name's Schaeffer's Volatility Index (SVI) of 91%, which sits in the 23rd percentile of its annual range .Plus, the stock sports a lofty Schaeffer's Volatility Scorecard (SVS) of 78 out of 100, suggesting the equity has consistently realized higher-than-expected volatility of late.
