Western Uranium Corporation (OTCMKTS:WSTRF) Sees Significant Drop in Short Interest

Western Uranium Corporation (OTCMKTS:WSTRF) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,548 shares, a decrease of 98.7% from the July 30th total of 1,767,060 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 315,561 shares, the days-to-cover ratio is presently 0.1 days.

Western Uranium Stock Up 8.5%

Western Uranium stock traded up $0.03 during trading hours on Tuesday, hitting $0.44. 179,732 shares of the company traded hands, compared to its average volume of 134,432. The firm has a market cap of $31.37 million, a P/E ratio of -5.46 and a beta of 0.92. The firm’s 50-day simple moving average is $0.38 and its two-hundred day simple moving average is $0.48. Western Uranium has a 1-year low of $0.27 and a 1-year high of $1.00.

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

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.