CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) Sees Large Increase in Short Interest

by · The Markets Daily

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 58,600 shares, an increase of 8.9% from the November 30th total of 53,800 shares. Based on an average daily trading volume, of 76,000 shares, the days-to-cover ratio is currently 0.8 days.

CanAlaska Uranium Price Performance

Shares of OTCMKTS:CVVUF traded up $0.01 during midday trading on Tuesday, reaching $0.50. 15,530 shares of the company’s stock were exchanged, compared to its average volume of 81,188. The company’s 50 day simple moving average is $0.53 and its two-hundred day simple moving average is $0.49. CanAlaska Uranium has a 12 month low of $0.25 and a 12 month high of $0.60.

CanAlaska Uranium Company Profile

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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.

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