Westwater Resources, Inc. (NASDAQ:WWR) Sees Significant Decrease in Short Interest

Westwater Resources, Inc. (NASDAQ:WWR) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 124,200 shares, a decrease of 70.6% from the May 15th total of 422,900 shares. Based on an average daily volume of 667,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen assumed coverage on Westwater Resources in a report on Wednesday, May 21st. They issued a “sell” rating for the company. HC Wainwright reduced their price target on Westwater Resources from $2.50 to $2.00 and set a “buy” rating for the company in a report on Thursday.

Institutional Trading of Westwater Resources

Several institutional investors and hedge funds have recently bought and sold shares of WWR. Virtu Financial LLC raised its stake in Westwater Resources by 29.1% during the fourth quarter. Virtu Financial LLC now owns 85,116 shares of the basic materials company’s stock valued at $60,000 after buying an additional 19,211 shares in the last quarter. Geode Capital Management LLC raised its stake in Westwater Resources by 16.7% during the fourth quarter. Geode Capital Management LLC now owns 608,045 shares of the basic materials company’s stock valued at $431,000 after buying an additional 87,087 shares in the last quarter. Renaissance Technologies LLC raised its stake in Westwater Resources by 536.3% during the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock valued at $70,000 after buying an additional 83,611 shares in the last quarter. Northern Trust Corp raised its stake in Westwater Resources by 34.7% during the fourth quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock valued at $91,000 after buying an additional 32,952 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Westwater Resources by 165.3% during the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock valued at $40,000 after buying an additional 35,046 shares in the last quarter. Institutional investors and hedge funds own 7.72% of the company’s stock.

Westwater Resources Stock Performance

Shares of WWR opened at $0.56 on Friday. The stock has a 50-day moving average price of $0.51 and a 200 day moving average price of $0.65. Westwater Resources has a one year low of $0.45 and a one year high of $1.32. The company has a market capitalization of $42.50 million, a P/E ratio of -4.28 and a beta of 1.06.

About Westwater Resources

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.