Westwater Resources, Inc. (NASDAQ:WWR) Sees Significant Increase in Short Interest

Westwater Resources, Inc. (NASDAQ:WWR) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 4,560,000 shares, agrowthof235.3% from the July 15th total of 1,360,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is currently 3.1 days. Currently,7.5% of the shares of the stock are short sold. Currently,7.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Investors Weigh In On Westwater Resources

A number of institutional investors and hedge funds have recently modified their holdings of WWR. Jane Street Group LLC increased its position in shares of Westwater Resources by 165.3% in the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 35,046 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Westwater Resources by 536.3% in the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after buying an additional 83,611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Westwater Resources in the first quarter worth $55,000. Northern Trust Corp boosted its position in shares of Westwater Resources by 34.7% in the fourth quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock worth $91,000 after buying an additional 32,952 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in shares of Westwater Resources by 53.0% in the first quarter. Pinnacle Associates Ltd. now owns 133,900 shares of the basic materials company’s stock worth $74,000 after buying an additional 46,400 shares during the period. 7.72% of the stock is owned by institutional investors and hedge funds.

Westwater Resources Stock Up 0.2%

Shares of Westwater Resources stock opened at $0.79 on Friday. The stock’s fifty day moving average is $0.68 and its 200-day moving average is $0.64. The firm has a market capitalization of $60.20 million, a PE ratio of -6.06 and a beta of 1.18. Westwater Resources has a 12-month low of $0.45 and a 12-month high of $1.32.

Analysts Set New Price Targets

WWR has been the subject of several research reports. Wall Street Zen initiated coverage on Westwater Resources in a research note on Wednesday, May 21st. They set a “sell” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $2.00 target price on shares of Westwater Resources in a research note on Friday.

About Westwater Resources

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.