In the latest market close, Uranium Energy (UEC) reached $7.99, with a -0.5% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%.

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Uranium producer Uranium Energy Corp (UEC) is in a prime position to gain from the rising uranium prices. In fact, UEC has exceptional leverage on uranium’s costs compared to global competitors.

Short interest in Uranium Energy Corp (AMEX:UEC) decreased during the last reporting period, falling from 57.05M to 55.04M. This put 13.65% of the company's publicly available shares short.