Westwater Resources, Inc. (NASDAQ:WWR) Short Interest Update

Key Points

• Short interest in Westwater Resources surged by 235.3% in July, increasing to a total of 4,560,000 shares.
• Institutional investors have shown significant activity, with Jane Street Group increasing their position by 165.3% and Renaissance Technologies boosting theirs by 536.3%.
• Westwater Resources' current stock price is $0.77, with a market capitalization of approximately $58.99 million.

Westwater Resources, Inc. (NASDAQ:WWR - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 4,560,000 shares, agrowthof235.3% from the July 15th total of 1,360,000 shares. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 3.1 days. Currently,7.5% of the shares of the stock are short sold. Currently,7.5% of the shares of the stock are short sold. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 3.1 days.

Westwater Resources Stock Up 0.2%

NASDAQ WWR traded up $0.00 during trading hours on Friday, hitting $0.79. 1,067,270 shares of the company were exchanged, compared to its average volume of 1,082,725. The stock has a 50-day moving average price of $0.68 and a 200 day moving average price of $0.63. Westwater Resources has a 52 week low of $0.45 and a 52 week high of $1.32. The stock has a market cap of $67.93 million, a PE ratio of -6.06 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WWR shares. Wall Street Zen began coverage on Westwater Resources in a research report on Wednesday, May 21st. They issued a "sell" rating on the stock. HC Wainwright reiterated a "buy" rating and issued a $2.00 target price on shares of Westwater Resources in a research report on Friday.

Institutional Investors Weigh In On Westwater Resources

Several large investors have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. increased its stake in Westwater Resources by 53.0% during the first quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company's stock worth $74,000 after acquiring an additional 46,400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Westwater Resources during the first quarter worth approximately $55,000. Cambridge Investment Research Advisors Inc. bought a new stake in Westwater Resources during the first quarter worth approximately $84,000. Squarepoint Ops LLC increased its stake in Westwater Resources by 30.4% during the fourth quarter. Squarepoint Ops LLC now owns 177,965 shares of the basic materials company's stock worth $126,000 after acquiring an additional 41,515 shares during the last quarter. Finally, Jane Street Group LLC increased 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 worth $40,000 after acquiring an additional 35,046 shares during the last quarter. 7.72% of the stock is owned by institutional investors.

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.