Denison Mines Corp Sees Significant Growth in Short Interest (DNN)
Denison Mines Corp (NYSE:DNN) saw a significant increase in short interest in January. As of March 31st, there was short interest totalling 7,062,211 shares, an increase of 4.2% from the March 14th total of 6,778,417 shares, Analyst Ratings News reports. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 1,378,481 shares, the days-to-cover ratio is presently 5.1 days.
Separately, analysts at Credit Suisse upgraded shares of Denison Mines Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1.40.
Shares of Denison Mines Corp (NYSE:DNN) opened at 1.53 on Thursday. Denison Mines Corp has a one year low of $0.97 and a one year high of $1.76. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.25. The company’s market cap is $741.6 million.
Denison Mines Corp. (NYSE:DNN) is engaged in uranium mining and related activities, including acquisition, exploration and development of uranium bearing properties, extraction, processing, selling and reclamation.
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