Western Uranium Corporation (OTCMKTS:WSTRF) Short Interest Up 70.5% in August

Western Uranium Corporation (OTCMKTS:WSTRF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 40,155 shares, an increase of 70.5% from the August 15th total of 23,548 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 191,694 shares, the days-to-cover ratio is currently 0.2 days.

Western Uranium Stock Up 5.2%

WSTRF opened at $0.40 on Friday. The stock has a market cap of $28.73 million, a PE ratio of -5.00 and a beta of 1.00. The business has a 50 day moving average of $0.40 and a 200-day moving average of $0.46. Western Uranium has a 52 week low of $0.27 and a 52 week high of $1.00.

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

Western Uranium Company Profile

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.