A Reversal for Westwater Resources Inc (NASDAQ:WWR) Is Not Near. The Stock Has Rise in Shorts

The stock of Westwater Resources Inc (NASDAQ:WWR) registered an increase of 60.03% in short interest. WWR’s total short interest was 672,600 shares in July as published by FINRA. Its up 60.03% from 420,300 shares, reported previously. With 796,300 shares average volume, it will take short sellers 1 days to cover their WWR’s short positions.

The stock decreased 1.76% or $0.09 during the last trading session, reaching $5.01. About 18,462 shares traded. Westwater Resources, Inc. (NASDAQ:WWR) has declined 80.04% since July 14, 2018 and is downtrending. It has underperformed by 84.47% the S&P500.

Uranium Resources, Inc. operates as an energy metals exploration and development company. The company has market cap of $8.01 million. The firm holds land position in two prospective lithium brine basins in Nevada and Utah for exploration and potential development of lithium resources. It currently has negative earnings. It also focuses on the Temrezli in-situ recovery uranium project in Central Turkey.

More notable recent Westwater Resources, Inc. (NASDAQ:WWR) news were published by: Benzinga.com which released: “50 Biggest Movers From Yesterday – Benzinga” on May 22, 2019, also Businesswire.com with their article: “Westwater Announces Acceptance of Its Request for Arbitration – Business Wire” published on January 02, 2019, Seekingalpha.com published: “Westwater Resources’ (WWR) CEO Christopher Jones on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 09, 2018. More interesting news about Westwater Resources, Inc. (NASDAQ:WWR) were released by: Businesswire.com and their article: “Westwater Granted Water Rights for its Sal Rica Project in Utah – Business Wire” published on April 12, 2019 as well as Businesswire.com‘s news article titled: “Williams Industrial Services Group Announces Chief Financial Officer Retirement – Business Wire” with publication date: June 26, 2019.

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