Denison Mines Corp Sees Large Increase in Short Interest (DNN)
Shares of Denison Mines Corp (NYSE:DNN) were the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 11,801,554 shares, a growth of 10.6% from the July 31st total of 10,667,250 shares, Stock Ratings Network reports. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 707,322 shares, the short-interest ratio is presently 16.7 days.
A number of analysts have recently weighed in on DNN shares. Analysts at BMO Capital Markets reiterated a “speculative market perform” rating on shares of Denison Mines Corp in a research note on Thursday, August 14th. 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.
Shares of Denison Mines Corp (NYSE:DNN) traded up 0.75% during mid-day trading on Tuesday, hitting $1.34. The stock had a trading volume of 248,121 shares. Denison Mines Corp has a one year low of $0.97 and a one year high of $1.76. The stock has a 50-day moving average of $1.30 and a 200-day moving average of $1.3. The company’s market cap is $664.9 million.
Denison Mines Corp (NYSE:DNN) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.01. Analysts expect that Denison Mines Corp will post $-0.06 EPS for the current fiscal year.
Denison Mines Corp. (NYSE:DNN) is engaged in uranium exploration, development, mining and milling with uranium mining projects in both the United States and Canada and development projects in Canada, the United States, Zambia and Mongolia.
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