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BREAKING- USEC Inc. Spikes 44 Percent (USU)

At about 12:20 p.m. EDT, share of USEC Inc. (NYSE: USU) spiked and are now up 45 percent. The company released a statement saying that it wasn’t able to comment on stock price movement. Volume is 8 times above average as of 12:30 p.m. EDT

USEC has been volatile of late. In the past six months, the stock is down 14 percent but in July alone, it has spiked from $2.96 to $19.30. On July 23rd, Reuters said that the price movement was likely the result of a severe short squeeze.

As of January 28, the stock had a short interest of 11.5 percent.

Breaking Finance has covered USEC in depth. Read these articles:

USEC up 25 Percent Friday

USEC up 153 Percent- Trading Halted

[stock-tools exchange="NYSE" symbol="USU" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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