Short Interest in Denison Mines Corp Increases By 9.6% (DNN)
Shares of Denison Mines Corp (NYSE:DNN) were the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 10,667,250 shares, an increase of 9.6% from the July 15th total of 9,733,562 shares, AmericanBankingNews.com reports. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,067,736 shares, the short-interest ratio is currently 10.0 days.
Separately, analysts at LB Securities initiated coverage on shares of Denison Mines Corp in a research note on Monday, July 28th. They set a “buy” rating on the stock.
Denison Mines Corp (NYSE:DNN) traded down 0.79% on Monday, hitting $1.25. 351,407 shares of the company’s stock traded hands. 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 $1.35. The company’s market cap is $606.6 million.
Denison Mines Corp (NYSE:DNN) last announced its earnings results on Monday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. 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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