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

Western Uranium Corporation (OTCMKTS:WSTRF) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,767,060 shares, a growth of 451.4% from the July 15th total of 320,480 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily volume of 354,497 shares, the days-to-cover ratio is currently 5.0 days.

Western Uranium Price Performance

WSTRF stock opened at $0.41 on Friday. Western Uranium has a one year low of $0.27 and a one year high of $1.00. The stock has a market cap of $29.64 million, a PE ratio of -4.58 and a beta of 0.92. The firm has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.49.

Western Uranium (OTCMKTS:WSTRF) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. Western Uranium had a negative net margin of 1,493.92% and a negative return on equity of 21.16%. The company had revenue of $0.03 million for the quarter.

Western Uranium Company Profile

Western Uranium (OTCMKTS:WSTRF) is a mineral exploration and development company focused on uranium and vanadium projects in the western United States. The company targets resources critical to the nuclear energy sector, positioning itself to supply fuel for utilities seeking low-carbon power generation. As an OTC-traded entity, Western Uranium engages in all stages of project advancement, from early exploration through permitting and development.

The company’s flagship asset is the Sunday Mine Complex in Colorado’s historic Uravan Mineral Belt.