Western Copper and Gold Co. (NYSEAMERICAN:WRN) Sees Large Growth in Short Interest


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Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 524,200 shares, a growth of 30.6% from the March 15th total of 401,300 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 792,100 shares, the days-to-cover ratio is currently 0.7 days.

Large investors have recently added to or reduced their stakes in the stock. tru Independence LLC bought a new position in Western Copper and Gold during the fourth quarter worth about $27,759,000. United Capital Management of KS Inc. acquired a new stake in Western Copper and Gold during the fourth quarter worth about $37,000. Accredited Investors Inc. acquired a new stake in Western Copper and Gold during the fourth quarter worth about $46,000. Finally, Sprott Inc. acquired a new stake in Western Copper and Gold during the third quarter worth about $1,145,000.

NYSEAMERICAN:WRN opened at $1.29 on Wednesday. Western Copper and Gold has a 52 week low of $0.54 and a 52 week high of $1.92. The business’s 50-day simple moving average is $1.25.

Separately, HC Wainwright reissued a “buy” rating and issued a $2.50 price objective on shares of Western Copper and Gold in a research report on Tuesday, March 30th.

Western Copper and Gold Company Profile

Western Copper & Gold Corp. is an exploration stage company, which focuses on the development of Casino Project. The company was founded on March 18, 2006 and is headquartered in Vancouver, Canada.

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