Western Uranium Corporation (OTCMKTS:WSTRF) Short Interest Down 98.7% in August

Western Uranium Corporation (OTCMKTS:WSTRF) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 23,548 shares, a drop of 98.7% from the July 30th total of 1,767,060 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 315,561 shares, the days-to-cover ratio is presently 0.1 days.

Western Uranium Stock Up 8.5%

OTCMKTS WSTRF traded up $0.03 on Tuesday, hitting $0.44. The stock had a trading volume of 179,732 shares, compared to its average volume of 134,432. The company’s 50-day moving average is $0.38 and its two-hundred day moving average is $0.48. Western Uranium has a one year low of $0.27 and a one year high of $1.00. The stock has a market cap of $31.37 million, a price-to-earnings ratio of -5.46 and a beta of 0.92.

Western Uranium (OTCMKTS:WSTRF) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Western Uranium had a negative return on equity of 18.56% and a negative net margin of 921.07%.The company had revenue of $0.20 million for the quarter, compared to analysts’ expectations of $0.04 million.

Western Uranium Company Profile

Western Uranium (OTCMKTS:WSTRF) is a mineral exploration and development company focused on uranium and vanadium projects in the western United States. The company targets resources critical to the nuclear energy sector, positioning itself to supply fuel for utilities seeking low-carbon power generation. As an OTC-traded entity, Western Uranium engages in all stages of project advancement, from early exploration through permitting and development.

The company’s flagship asset is the Sunday Mine Complex in Colorado’s historic Uravan Mineral Belt.