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

Western Uranium Corporation (OTCMKTS:WSTRF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 40,155 shares, a growth of 70.5% from the August 15th total of 23,548 shares. Based on an average daily trading volume, of 191,694 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Western Uranium Stock Down 0.2%

Shares of OTCMKTS WSTRF opened at $0.38 on Thursday. The firm’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.46. Western Uranium has a 52-week low of $0.27 and a 52-week high of $1.00. The company has a market cap of $27.24 million, a PE ratio of -4.74 and a beta of 1.00.

Western Uranium (OTCMKTS:WSTRF) last issued its earnings results on Friday, August 14th. The company reported ($0.02) earnings per share (EPS) 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 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.