Short Interest in Alexco Resource Corp. (NYSE:AXU) Drops By 9.2%
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the target of a large drop in short interest in July. As of July 14th, there was short interest totalling 2,053,626 shares, a drop of 9.2% from the June 30th total of 2,261,843 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 150,712 shares, the days-to-cover ratio is presently 13.6 days.
Alexco Resource Corp. (AXU) opened at 1.32 on Wednesday. The stock’s market cap is $127.97 million. Alexco Resource Corp. has a 12-month low of $1.10 and a 12-month high of $2.54. The firm’s 50-day moving average price is $1.32 and its 200 day moving average price is $1.52.
A number of large investors have recently made changes to their positions in AXU. Global X Management Co. LLC raised 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 worth $1,639,000 after buying an additional 138,950 shares in the last quarter. Sprott Inc. increased its stake in Alexco Resource Corp. by 162.0% in the first quarter. Sprott Inc. now owns 446,174 shares of the mining company’s stock worth $683,000 after buying an additional 275,852 shares during the last quarter. Finally, KCG Holdings Inc. increased its stake in Alexco Resource Corp. by 61.9% in the first quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock worth $109,000 after buying an additional 27,256 shares during the last quarter.
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.
Receive News & Ratings for Alexco Resource Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexco Resource Corp. and related companies with MarketBeat.com's FREE daily email newsletter.