Alexco Resource Corp. (AXU) Sees Large Drop in Short Interest
Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,298,747 shares, a decline of 4.9% from the November 30th total of 1,365,863 shares. Based on an average daily trading volume, of 240,619 shares, the short-interest ratio is currently 5.4 days. Approximately 1.4% of the company’s shares are sold short.
A number of large investors have recently made changes to their positions in the stock. Pathstone Family Office LLC increased its holdings in Alexco Resource by 6.5% during the 3rd quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock valued at $1,103,000 after purchasing an additional 46,780 shares during the period. Virtu KCG Holdings LLC increased its holdings in Alexco Resource by 92.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock valued at $181,000 after purchasing an additional 65,822 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in Alexco Resource by 8.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,157,094 shares of the mining company’s stock valued at $1,675,000 after purchasing an additional 85,734 shares during the period. Ninepoint Partners LP purchased a new position in Alexco Resource during the 3rd quarter valued at about $462,000. Finally, ETF Managers Group LLC purchased a new position in Alexco Resource during the 2nd quarter valued at about $1,869,000.
Alexco Resource (NYSEAMERICAN AXU) opened at $1.58 on Thursday. Alexco Resource has a twelve month low of $1.10 and a twelve month high of $2.04. The stock has a market capitalization of $159.78, a PE ratio of -26.33 and a beta of -0.45.
About Alexco Resource
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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