Alexco Resource Corp. (AXU) Short Interest Up 8.6% in May
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,408,402 shares, a growth of 8.6% from the April 28th total of 2,217,752 shares. Based on an average daily trading volume, of 261,127 shares, the days-to-cover ratio is currently 9.2 days. Currently, 2.7% of the company’s shares are sold short.
A number of large investors have recently made changes to their positions in AXU. ETF Managers Group LLC acquired a new stake in shares of Alexco Resource Corp. during the third quarter valued at about $1,917,000. Global X Management Co. LLC increased its stake in shares of Alexco Resource Corp. by 14.8% in the first quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock valued at $1,639,000 after buying an additional 138,950 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Alexco Resource Corp. during the fourth quarter valued at about $688,000. Sprott Inc. increased its stake in shares of Alexco Resource Corp. by 162.0% in the first quarter. Sprott Inc. now owns 446,174 shares of the mining company’s stock valued at $683,000 after buying an additional 275,852 shares in the last quarter. Finally, KCG Holdings Inc. increased its stake in shares of Alexco Resource Corp. by 61.9% in the first quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock valued at $109,000 after buying an additional 27,256 shares in the last quarter.
Alexco Resource Corp. (NYSE:AXU) traded down 2.22% during mid-day trading on Wednesday, reaching $1.32. The company’s stock had a trading volume of 374,045 shares. The firm’s market capitalization is $127.97 million. Alexco Resource Corp. has a 1-year low of $1.02 and a 1-year high of $2.54. The firm has a 50-day moving average of $1.43 and a 200 day moving average of $1.56.
Separately, TheStreet cut Alexco Resource Corp. from a “c-” rating to a “d+” rating in a report on Friday, March 10th.
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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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