Denison Mines Corp (DNN) Short Interest Update
Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of a large increase in short interest during the month of December. As of December 29th, there was short interest totalling 7,690,964 shares, an increase of 4.8% from the December 15th total of 7,341,139 shares. Based on an average daily trading volume, of 576,551 shares, the short-interest ratio is presently 13.3 days. Approximately 1.6% of the company’s stock are short sold.
Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Denison Mines by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,725,130 shares of the basic materials company’s stock worth $4,514,000 after buying an additional 4,118,220 shares during the last quarter. Ninepoint Partners LP purchased a new stake in Denison Mines during the 3rd quarter worth approximately $943,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in Denison Mines by 6.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,570,280 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 100,000 shares during the last quarter.
A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Denison Mines from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of Denison Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Roth Capital set a $1.00 price objective on shares of Denison Mines and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. Denison Mines presently has an average rating of “Sell” and a consensus price target of $0.75.
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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