Western Areas Limited (OTCMKTS:WNARF) Short Interest Up 758.1% in April

Western Areas Limited (OTCMKTS:WNARFGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 26,600 shares, a growth of 758.1% from the April 15th total of 3,100 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is presently 8.1 days.

Shares of WNARF stock traded down $0.22 during trading hours on Wednesday, hitting $2.55. The stock had a trading volume of 400 shares, compared to its average volume of 4,082. Western Areas has a twelve month low of $1.59 and a twelve month high of $2.96. The stock’s 50 day moving average is $2.67 and its 200 day moving average is $2.46.

About Western Areas (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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