Denison Mines Corp (DNN) Sees Large Increase in Short Interest
Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 9,115,405 shares, an increase of 13.2% from the November 15th total of 8,055,675 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 1,105,796 shares, the short-interest ratio is presently 8.2 days.
Several analysts recently issued reports on DNN shares. Roth Capital set a $1.00 price objective on Denison Mines and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered Denison Mines from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded Denison Mines from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating and one has given a buy rating to the company. The company has a consensus rating of “Sell” and an average target price of $0.75.
Shares of Denison Mines (NYSEAMERICAN:DNN) traded up $0.04 during trading hours on Monday, hitting $0.61. The company had a trading volume of 2,225,069 shares, compared to its average volume of 618,455. Denison Mines has a twelve month low of $0.38 and a twelve month high of $0.84.
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About Denison Mines
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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