Alexco Resource Corp Sees Significant Drop in Short Interest (AXU)
Alexco Resource Corp (NYSE:AXU) was the target of a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 317,952 shares, a drop of 16.9% from the May 15th total of 382,470 shares, Analyst RN reports. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 261,516 shares, the days-to-cover ratio is presently 1.2 days.
Separately, analysts at Canaccord Genuity upgraded shares of Alexco Resource Corp from a “sell” rating to a “hold” rating in a research note on Friday, May 16th.
Alexco Resource Corp (NYSE:AXU) opened at 0.9499 on Thursday. Alexco Resource Corp has a 1-year low of $0.90 and a 1-year high of $2.43. The stock has a 50-day moving average of $1.22 and a 200-day moving average of $1.49. The company’s market cap is $59.4 million.
Alexco Resource Corp (NYSE:AXU) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Analysts expect that Alexco Resource Corp will post $-0.02 EPS for the current fiscal year.
Alexco Resource Corp. (NYSE:AXU) operates two businesses: mineral exploration and development in Canada, in Yukon Territory, and under its Alexco Environmental Group division (AEG), the provision of consulting and project management services in respect of environmental permitting and compliance and site remediation and reclamation, in Canada and the United States.
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