Short Interest in CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) Increases By 49.6%

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,035,000 shares, an increase of 49.6% from the September 30th total of 691,900 shares. Based on an average trading volume of 232,800 shares, the days-to-cover ratio is presently 4.4 days. Based on an average trading volume of 232,800 shares, the days-to-cover ratio is presently 4.4 days.

CanAlaska Uranium Stock Performance

CVVUF opened at $0.64 on Tuesday. The stock’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $0.65. CanAlaska Uranium has a 1 year low of $0.43 and a 1 year high of $0.91.

CanAlaska Uranium Company Profile

CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. It primarily explores for uranium, nickel, copper, gold, and diamond deposits. The company has an option agreement to acquire 80% interest in the Geikie project that comprises six new uranium targets totaling 33,897 hectares located in the Eastern Athabasca basin; and a 100% interest in the Marshall project located in the Athabasca Basin.