Western Uranium Corporation (OTCMKTS:WSTRF) Sees Large Growth in Short Interest

Western Uranium Corporation (OTCMKTS:WSTRF – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 113,555 shares, an increase of 182.8% from the August 31st total of 40,155 shares. Based on an average daily trading volume, of 106,982 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the company’s stock are sold short.

Western Uranium Price Performance

Western Uranium stock opened at $0.36 on Friday. The business has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.45. Western Uranium has a 12 month low of $0.27 and a 12 month high of $0.98. The stock has a market capitalization of $26.14 million, a PE ratio of -4.55 and a beta of 1.00.

Western Uranium (OTCMKTS:WSTRF – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Western Uranium had a negative return on equity of 18.56% and a negative net margin of 921.07%.The firm had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.04 million.

Western Uranium Company Profile

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Western Uranium & Vanadium Corp. is a mineral exploration and development company focused on uranium and vanadium assets in the western United States. The company’s activities include acquiring, evaluating, permitting and advancing mineral properties that may support the production of uranium and vanadium, which are used in nuclear energy and energy-storage applications, respectively.

Western Uranium & Vanadium’s principal assets are located in Colorado and Utah. Its portfolio includes the Sunday Mine Complex in Colorado, a group of uranium-vanadium deposits, as well as other mineral properties in the region.

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