Denison Mines Corp Sees Large Increase in Short Interest (DNN)
Shares of Denison Mines Corp (NYSE:DNN) were the target of a significant growth in short interest in the month of May. As of May 30th, there was short interest totalling 9,375,836 shares, a growth of 13.5% from the May 15th total of 8,259,101 shares, Stock Ratings Network reports. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 799,296 shares, the days-to-cover ratio is presently 11.7 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.
Shares of Denison Mines Corp (NYSE:DNN) traded down 0.42% during mid-day trading on Tuesday, hitting $1.19. The stock had a trading volume of 331,622 shares. Denison Mines Corp has a 52-week low of $0.97 and a 52-week high of $1.76. The stock’s 50-day moving average is $1.25 and its 200-day moving average is $1.33. The company’s market cap is $577.5 million.
Denison Mines Corp (NYSE:DNN) last announced its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.02. On average, analysts predict that Denison Mines Corp will post $-0.05 earnings per share for the current fiscal year.
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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