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MarketBeat
MarketBeat
Thomas Hughes

Centrus Energy Hits Critical Mass for Atomic Short-Squeeze

Centrus Centrus Energy United States HALEU MarketBeat Russia uranium

The market for Centrus Energy (NYSE: LEU) has reached a critical mass, and an atomic short-squeeze is on. The market has already risen more than 50% this year and could increase by another 25% to 35% if the critical resistance point is breached.

[content-module:CompanyOverview|NYSE:LEU]

That may happen before mid-year because institutional ownership is rising and activity is ramping sequentially, providing a strong tailwind in addition to the short interest. The short interest at the end of January wasn’t phenomenally high but sufficient to fuel a squeeze at 22%.

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