Short Interest in Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Rises By 63.6%

Key Points

• Western Copper and Gold Corporation saw a significant increase in short interest, rising by 63.6% in August to a total of 2,520,000 shares.
• The stock is currently priced at $1.51, with a market capitalization of $304.49 million and a P/E ratio of -151.00.
• The company focuses on the exploration and development of mineral properties in Canada, primarily for gold, copper, silver, and molybdenum deposits.

Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 2,520,000 shares, an increase of 63.6% from the July 31st total of 1,540,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 383,800 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily trading volume, of 383,800 shares, the days-to-cover ratio is currently 6.6 days. Currently, 1.6% of the shares of the stock are sold short.

Western Copper and Gold Stock Up 2.6%

Shares of WRN stock traded up $0.04 during trading hours on Thursday, hitting $1.60. 680,646 shares of the company's stock were exchanged, compared to its average volume of 538,843. The stock has a market capitalization of $322.64 million, a P/E ratio of -160.00 and a beta of 1.07. Western Copper and Gold has a 12-month low of $0.90 and a 12-month high of $1.65. The stock has a 50 day simple moving average of $1.33.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.