Denison Mines Corp Sees Significant Increase in Short Interest (DNN)
Shares of Denison Mines Corp (NYSE:DNN) were the target of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 9,914,475 shares, an increase of 5.7% from the May 30th total of 9,375,836 shares, AnalystRatingsNetwork.com reports. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 425,653 shares, the days-to-cover ratio is currently 23.3 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) opened at 1.20 on Wednesday. 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 $1.2 and a 200-day moving average of $1.33. The company’s market cap is $582.3 million.
Denison Mines Corp (NYSE:DNN) last issued its quarterly earnings data 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. Analysts expect that Denison Mines Corp will post $-0.05 EPS 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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