Alexco Resource Corp Short Interest Up 242.7% in August (AXU)
Shares of Alexco Resource Corp (NYSE:AXU) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 818,098 shares, a growth of 242.7% from the July 31st total of 238,729 shares, AnalystRatings.Net reports. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 350,937 shares, the days-to-cover ratio is currently 2.3 days.
Several analysts have recently commented on the stock. Analysts at HC Wainwright initiated coverage on shares of Alexco Resource Corp in a research note on Monday, July 7th. They set a “buy” rating and a $1.70 price target on the stock. Analysts at Canaccord Genuity upgraded shares of Alexco Resource Corp to a “speculative buy” rating in a research note on Tuesday, June 17th.
Alexco Resource Corp (NYSE:AXU) traded up 1.03% during mid-day trading on Tuesday, hitting $0.98. The stock had a trading volume of 88,224 shares. Alexco Resource Corp has a 52-week low of $0.91 and a 52-week high of $2.38. The stock’s 50-day moving average is $1.11 and its 200-day moving average is $1.39. The company’s market cap is $61.3 million.
Alexco Resource Corp (NYSE:AXU) last released its earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01. On average, analysts predict that Alexco Resource Corp will post $-0.05 earnings per share 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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