Westwater Resources Inc (NASDAQ:WWR) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 398,099 shares, a decrease of 40.8% from the February 15th total of 672,628 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 744,911 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NASDAQ WWR opened at $0.15 on Friday. The firm has a market capitalization of $10.86 million, a P/E ratio of -0.58 and a beta of 1.11. Westwater Resources has a one year low of $0.13 and a one year high of $0.78.

Westwater Resources (NASDAQ:WWR) last issued its earnings results on Tuesday, February 19th. The basic materials company reported ($0.03) EPS for the quarter. Research analysts predict that Westwater Resources will post -0.19 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on WWR shares. ValuEngine raised Westwater Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised Westwater Resources from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a research report on Friday, February 22nd.

A hedge fund recently bought a new stake in Westwater Resources stock. Bank of New York Mellon Corp acquired a new position in shares of Westwater Resources Inc (NASDAQ:WWR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,161 shares of the basic materials company’s stock, valued at approximately $26,000. Bank of New York Mellon Corp owned approximately 0.27% of Westwater Resources at the end of the most recent reporting period. Institutional investors own 1.92% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Short Interest in Westwater Resources Inc (WWR) Declines By 40.8%” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2019/03/15/short-interest-in-westwater-resources-inc-wwr-declines-by-40-8.html.

About Westwater Resources

Westwater Resources, Inc operates as an energy metals exploration and development company. The company holds interests in the three lithium brine exploration projects, which include Columbus Basin project in western Nevada; the Railroad Valley project in east-central Nevada; and the Sal Rica Project in northwestern Utah.

Read More: Understanding each part of a balance sheet

Receive News & Ratings for Westwater Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westwater Resources and related companies with MarketBeat.com's FREE daily email newsletter.