How Shorting in the Uranium Industry Might Present the Opportunity for a Short Squeeze

There's one more short-term dynamic I'm going to mention, and that is shorting the sector. What that means is some institutions and hedge funds have been taking bets against the sector, thinking it would fall. And for a period of time, they were right.

But in the last couple weeks, we've seen a very sharp V-shaped recovery. We think there's an opportunity here for a short squeeze. That means these short sellers need to buy stock to cover their exposures.

We're starting to see that, and some of these stocks have gone up 40, 50, 70, 80% in the last few weeks as some of this short interest is starting to alleviate. That's another dynamic that we're watching right now, specifically with the uranium mining stocks.