Uranium Mining Stock Has Room to Run
Uranium mining stock Energy Fuels Inc (NYSE:UUUU) is trading at $21.24 today, headed for a fifth-straight gain. The shares sport a healthy 42.6% win for 2026, with 15% of that coming from April. While the stock is 23% off its Jan. 28, 15-year high of $27.90, the April pop has UUUU clearing a key trendline and flashing a bullish quantitative signal.
The trendline in question is the stock’s 50-day moving average. Per Schaeffer’s Senior Quantitative Analyst Rocky White, this “crossover” event happened 16 other times over the last 10 years, after which UUUU was higher one month later roughly 70% of the time, averaging an 11.6% gain. From its current perch, a move higher of this magnitude would put the shares at $23.70 — well on its way back toward a multi-decade peak.
Although calls outnumber puts on an absolute basis, bears have been flocking toward the uranium name. The equity sports a 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that sits higher than 95% of annual readings. Should this pessimism begin to unwind, it could trigger more tailwinds.
The stock is also ripe for a short squeeze. Short interest is up 11% in the past two reporting periods, which now accounts for 15.9% of the stock’s available float.
Lastly, UUUU’s Schaeffer’s Volatility Index (SVI) of 93% ranks higher than just 25% of readings from the last year. This indicates near-term option traders are now pricing in low volatility expectations.
