Ucore Rare Metals Inc. (OTCMKTS:UURAF) Sees Large Decline in Short Interest

Ucore Rare Metals Inc. (OTCMKTS:UURAF – Get Rating) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 37,900 shares, a drop of 32.6% from the March 31st total of 56,200 shares. Based on an average daily volume of 82,200 shares, the short-interest ratio is presently 0.5 days.

UURAF opened at $0.70 on Friday. The firm’s fifty day moving average is $0.67 and its two-hundred day moving average is $0.70. Ucore Rare Metals has a twelve month low of $0.55 and a twelve month high of $1.21.

About Ucore Rare Metals (Get Rating)

Ucore Rare Metals Inc engages in the exploration and separation of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc and changed its name to Ucore Rare Metals Inc in June 2010.

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