Why Uranium Energy Stock Keeps Going Down

Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive." Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning -- but have since clawed back at least some of today's losses, and are now down only 5.7% as of 11:30 a.m. ET. Although UEC reported $23 million in sales last year, and $105 million through the first six months of this current fiscal year, Kerrisdale curiously argues that UEC only had "revenue from selling mined uranium" in fiscal years 2012 and 2013 -- and not since.