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

Western Uranium Corporation (OTCMKTS:WSTRF) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 23,548 shares, a decline of 98.7% from the July 30th total of 1,767,060 shares. Currently, 0.0% of the company’s shares 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 Trading Up 8.5%

Shares of OTCMKTS WSTRF opened at $0.44 on Wednesday. The firm has a market capitalization of $31.37 million, a PE ratio of -5.46 and a beta of 0.92. Western Uranium has a 1 year low of $0.27 and a 1 year high of $1.00. The firm’s 50-day moving average is $0.38 and its 200-day moving average is $0.48.

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

About Western Uranium

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.