Western Copper and Gold Corporation (NYSEAMERICAN:WRN) Short Interest Update

Key Points

• Short interest in Western Copper and Gold fell by 35% to 1,373,122 shares as of Feb. 27, equal to about 0.6% of the float and a days-to-cover ratio of 0.6 days based on average daily volume.
• The stock last traded at $2.77 (1-year range $0.90–$4.26) with a market cap of about $623.8M, and institutional investors now own roughly 21.96% after several funds initiated small positions.

Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,373,122 shares, a decline of 35.0% from the February 12th total of 2,111,956 shares. Based on an average daily volume of 2,368,044 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company's stock are short sold. Currently, 0.6% of the company's stock are short sold. Based on an average daily volume of 2,368,044 shares, the days-to-cover ratio is currently 0.6 days.

Western Copper and Gold Stock Performance

Shares of Western Copper and Gold stock traded down $0.18 on Friday, hitting $2.77. 1,578,056 shares of the company's stock were exchanged, compared to its average volume of 1,969,063. Western Copper and Gold has a 1 year low of $0.90 and a 1 year high of $4.26. The company has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $2.54. The stock has a market capitalization of $623.75 million, a PE ratio of -277.00 and a beta of 1.02.

Hedge Funds Weigh In On Western Copper and Gold

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in Western Copper and Gold in the third quarter worth $25,000. Dimensional Fund Advisors LP bought a new position in shares of Western Copper and Gold in the fourth quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in Western Copper and Gold in the 3rd quarter worth about $30,000. Centiva Capital LP bought a new stake in Western Copper and Gold during the 3rd quarter valued at about $31,000. Finally, Jane Street Group LLC purchased a new stake in Western Copper and Gold in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 21.96% of the company's stock.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world's largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company's primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold's activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.

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