Nexgen Energy Ltd. (NXE) Sees Significant Increase in Short Interest
Nexgen Energy Ltd. (NYSE:NXE) saw a significant growth in short interest during the month of September. As of September 29th, there was short interest totalling 6,932,017 shares, a growth of 1.6% from the September 15th total of 6,824,445 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average trading volume of 54,478 shares, the days-to-cover ratio is currently 127.2 days.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in shares of Nexgen Energy during the 2nd quarter worth approximately $111,000. Toronto Dominion Bank acquired a new stake in shares of Nexgen Energy during the 2nd quarter worth approximately $121,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Nexgen Energy during the 2nd quarter worth approximately $140,000. Bank of Nova Scotia acquired a new stake in shares of Nexgen Energy during the 2nd quarter worth approximately $190,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Nexgen Energy during the 2nd quarter worth approximately $207,000.
Shares of Nexgen Energy (NYSE:NXE) traded up 0.92% during midday trading on Tuesday, reaching $2.21. The company’s stock had a trading volume of 27,858 shares. The stock’s market capitalization is $683.69 million. Nexgen Energy has a 52 week low of $1.05 and a 52 week high of $3.40. The company has a 50 day moving average price of $2.30 and a 200-day moving average price of $2.28.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/10/nexgen-energy-ltd-nxe-sees-significant-increase-in-short-interest.html.
About Nexgen Energy
Nuveen Arizona Dividend Advantage Municipal Fund 3 (the Fund) is a closed-ended fund. The Fund seeks to provide monthly tax-free income, portfolio diversification and after tax total returns. The fund’s investment objectives are to provide current income exempt from regular federal and Arizona income tax and to enhance portfolio value.
Receive News & Ratings for Nexgen Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexgen Energy Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.