Alexco Resource Corp. (AXU) Sees Large Decline in Short Interest
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the target of a significant decrease in short interest in October. As of October 13th, there was short interest totalling 1,434,742 shares, a decrease of 8.6% from the September 29th total of 1,569,260 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 144,263 shares, the short-interest ratio is presently 9.9 days.
A number of institutional investors have recently made changes to their positions in AXU. ETF Managers Group LLC bought a new stake in Alexco Resource Corp. in the 2nd quarter valued at about $1,869,000. Virtu KCG Holdings LLC raised its stake in Alexco Resource Corp. by 92.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock valued at $181,000 after acquiring an additional 65,822 shares during the period. Finally, KCG Holdings Inc. raised its stake in Alexco Resource Corp. by 61.9% in the 1st quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock valued at $109,000 after acquiring an additional 27,256 shares during the period.
Alexco Resource Corp. (AXU) opened at 1.26 on Wednesday. Alexco Resource Corp. has a 1-year low of $1.10 and a 1-year high of $2.04. The firm’s market capitalization is $127.47 million. The company has a 50 day moving average of $1.52 and a 200 day moving average of $1.42.
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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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