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

Western Uranium Corporation (OTCMKTS:WSTRF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 320,480 shares, an increase of 183.6% from the June 30th total of 112,989 shares. Based on an average daily volume of 151,292 shares, the short-interest ratio is presently 2.1 days. Currently, 0.5% of the company’s shares are short sold.

Western Uranium Price Performance

Shares of WSTRF opened at $0.35 on Monday. Western Uranium has a twelve month low of $0.32 and a twelve month high of $1.00. The firm has a fifty day simple moving average of $0.42 and a two-hundred day simple moving average of $0.51. The stock has a market capitalization of $25.50 million, a P/E ratio of -3.94 and a beta of 0.94.

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

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.