Short Interest in Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Rises By 59.1%

Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 2,308,171 shares, an increase of 59.1% from the January 15th total of 1,450,754 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 3,036,293 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 3,036,293 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.2% of the company’s stock are short sold.

Western Copper and Gold Stock Performance

Shares of NYSEAMERICAN:WRN traded up $0.14 during trading on Friday, reaching $3.16. 1,531,189 shares of the stock traded hands, compared to its average volume of 2,598,114. The stock has a market cap of $641.51 million, a P/E ratio of -316.00 and a beta of 1.07. The stock has a 50-day moving average of $3.12 and a two-hundred day moving average of $2.28. Western Copper and Gold has a 52-week low of $0.90 and a 52-week high of $4.26.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.