Alexco Resource Corp. (AXU) Short Interest Update
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,878,397 shares, a decline of 2.9% from the July 31st total of 1,933,967 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 207,198 shares, the short-interest ratio is currently 9.1 days.
A number of hedge funds have recently modified their holdings of AXU. KCG Holdings Inc. boosted 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 worth $109,000 after buying an additional 27,256 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Alexco Resource Corp. by 92.3% in the second quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock worth $181,000 after buying an additional 65,822 shares in the last quarter. Sprott Inc. boosted 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 worth $683,000 after buying an additional 275,852 shares in the last quarter. Global X Management Co. LLC boosted 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. Finally, ETF Managers Group LLC acquired a new stake in shares of Alexco Resource Corp. during the second quarter worth $1,869,000.
Alexco Resource Corp. (NYSE AXU) opened at 1.42 on Friday. The company has a 50-day moving average of $1.36 and a 200-day moving average of $1.46. Alexco Resource Corp. has a one year low of $1.10 and a one year high of $2.19. The stock’s market capitalization is $143.65 million.
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Alexco Resource Corp. Company Profile
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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