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

Western Uranium Corporation (OTCMKTS:WSTRF) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 292,300 shares, an increase of 852.1% from the September 30th total of 30,700 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 577,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 577,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.

Western Uranium Stock Performance

OTCMKTS:WSTRF opened at $0.54 on Tuesday. The stock has a fifty day moving average price of $0.66 and a 200-day moving average price of $0.65. The company has a market cap of $35.40 million, a price-to-earnings ratio of -3.61 and a beta of 1.25. Western Uranium has a fifty-two week low of $0.45 and a fifty-two week high of $1.24.

Western Uranium (OTCMKTS:WSTRF) last released its earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $0.03 million during the quarter. Western Uranium had a negative return on equity of 33.47% and a negative net margin of 5,936.42%.

About Western Uranium

Western Uranium & Vanadium Corp. engages in exploring, developing, mining, and production of uranium and vanadium resource properties in the United States. The company holds interests in the San Rafael uranium project located in Emery County, Utah; the Sunday Mine Complex situated in western San Miguel County, Colorado; the Van 4 mine located in western Montrose County, Colorado; the Sage mine project situated in San Juan County, Utah, and San Miguel County, Colorado; and the Dunn Project located in San Juan County, Utah.