Western Copper and Gold Co. (NYSEAMERICAN:WRN) Short Interest Down 20.7% in April


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Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 415,600 shares, a decrease of 20.7% from the March 31st total of 524,200 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 816,800 shares, the days-to-cover ratio is currently 0.5 days.

Western Copper and Gold stock traded down $0.08 during trading on Tuesday, hitting $1.52. The company’s stock had a trading volume of 1,441,840 shares, compared to its average volume of 744,663. The stock has a fifty day moving average price of $1.25. Western Copper and Gold has a 1-year low of $0.67 and a 1-year high of $1.92.

Separately, HC Wainwright restated a “buy” rating and issued a $2.50 target price on shares of Western Copper and Gold in a report on Tuesday, March 30th.

Several hedge funds have recently made changes to their positions in the company. Accredited Investors Inc. purchased a new position in Western Copper and Gold during the fourth quarter worth approximately $46,000. United Capital Management of KS Inc. purchased a new stake in Western Copper and Gold during the fourth quarter valued at about $37,000. Finally, tru Independence LLC acquired a new stake in Western Copper and Gold during the fourth quarter worth about $27,759,000.

Western Copper and Gold Company Profile

Western Copper & Gold Corp. is an exploration stage company, which focuses on the development of Casino Project. The company was founded on March 18, 2006 and is headquartered in Vancouver, Canada.

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