Denison Mines Corp Sees Significant Decrease in Short Interest (DNN)
Shares of Denison Mines Corp (NYSE:DNN) were the recipient of a large decrease in short interest in January. As of March 31st, there was short interest totalling 7,062,211 shares, a decrease of 4.2% from the March 14th total of 6,778,417 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 1,378,481 shares, the days-to-cover ratio is currently 5.1 days. Currently, 1.7% of the company’s shares are sold short.
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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Denison Mines Corp presently has an average rating of “Hold” and a consensus target price of $1.40.
Denison Mines Corp (NYSE:DNN) opened at 1.52 on Monday. Denison Mines Corp has a 52 week low of $0.97 and a 52 week high of $1.76. The stock has a 50-day moving average of $1.55 and a 200-day moving average of $1.26. The company’s market cap is $736.8 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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