Alexco Resource Corp. (AXU) Short Interest Down 11.8% in September
Alexco Resource Corp. (NYSE:AXU) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 1,243,622 shares, a drop of 11.8% from the September 15th total of 1,409,387 shares. Based on an average daily trading volume, of 563,249 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.4% of the shares of the stock are short sold.
A number of large investors have recently modified their holdings of AXU. Renaissance Technologies LLC raised its stake in shares of Alexco Resource Corp. by 27.6% in the first quarter. Renaissance Technologies LLC now owns 1,069,200 shares of the mining company’s stock worth $1,032,000 after buying an additional 231,372 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Alexco Resource Corp. during the second quarter worth approximately $408,000. Penserra Capital Management LLC purchased a new stake in shares of Alexco Resource Corp. during the second quarter worth approximately $1,086,000. Sprott Inc. raised its stake in shares of Alexco Resource Corp. by 4,925.4% in the second quarter. Sprott Inc. now owns 778,942 shares of the mining company’s stock worth $1,270,000 after buying an additional 763,442 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Alexco Resource Corp. during the second quarter worth approximately $153,000.
A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Alexco Resource Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Canaccord Genuity raised shares of Alexco Resource Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, September 13th.
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Alexco Resource Corp. (NYSE:AXU) opened at 1.52 on Wednesday. The stock’s market capitalization is $135.61 million. Alexco Resource Corp. has a 12-month low of $0.22 and a 12-month high of $2.54. The company has a 50 day moving average of $1.83 and a 200-day moving average of $1.55.
About Alexco Resource Corp.
Alexco Resource Corp. (Alexco) operates two businesses: a mining business, consisting of mineral exploration and mine development and operation in Canada, located in Yukon Territory, and through its Alexco Environmental Group (AEG), an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada and the United States.
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