Western Areas Limited (OTCMKTS:WNARF) Short Interest Up 29.2% in March

Western Areas Limited (OTCMKTS:WNARFGet Rating) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,100 shares, an increase of 29.2% from the March 15th total of 2,400 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 1.9 days.

WNARF stock opened at $2.80 on Monday. The firm’s 50 day moving average price is $2.55 and its 200-day moving average price is $2.41. Western Areas has a one year low of $1.59 and a one year high of $2.92.

Western Areas Company Profile (Get Rating)

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.

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