Ucore Rare Metals Inc. (OTCMKTS:UURAF) Sees Large Decline in Short Interest

Ucore Rare Metals Inc. (OTCMKTS:UURAF) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 136,600 shares, a decrease of 15.0% from the April 30th total of 160,800 shares. Based on an average daily volume of 580,100 shares, the days-to-cover ratio is currently 0.2 days.

Ucore Rare Metals Price Performance

Shares of OTCMKTS UURAF opened at $1.03 on Wednesday. Ucore Rare Metals has a 1 year low of $0.33 and a 1 year high of $1.64. The firm has a fifty day moving average price of $1.04 and a 200-day moving average price of $0.72.

About Ucore Rare Metals

Ucore Rare Metals Inc engages in the exploration and separation of elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located in Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc and changed its name to Ucore Rare Metals Inc in June 2010.