Short Interest in Alexco Resource Corp. (AXU) Drops By 11.8%
Alexco Resource Corp. (NYSE:AXU) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,243,622 shares, a drop of 11.8% from the September 15th total of 1,409,387 shares. Based on an average daily trading volume, of 563,249 shares, the short-interest ratio is presently 2.2 days. Approximately 1.4% of the company’s shares are short sold.
Shares of Alexco Resource Corp. (NYSE:AXU) opened at 1.57 on Friday. The stock’s market cap is $140.07 million. Alexco Resource Corp. has a 1-year low of $0.22 and a 1-year high of $2.54. The stock’s 50 day moving average is $1.80 and its 200-day moving average is $1.55.
A number of hedge funds have recently bought and sold shares of AXU. Renaissance Technologies LLC increased its stake in Alexco Resource Corp. by 27.6% in the first quarter. Renaissance Technologies LLC now owns 1,069,200 shares of the mining company’s stock valued at $1,032,000 after buying an additional 231,372 shares during the last quarter. Sprott Inc. increased its stake in Alexco Resource Corp. by 4,925.4% in the second quarter. Sprott Inc. now owns 778,942 shares of the mining company’s stock valued at $1,270,000 after buying an additional 763,442 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Alexco Resource Corp. during the second quarter valued at about $1,086,000. Integrated Investment Consultants LLC bought a new stake in Alexco Resource Corp. during the second quarter valued at about $408,000. Finally, Raymond James & Associates bought a new stake in Alexco Resource Corp. during the second quarter valued at about $153,000.
Several research analysts recently commented on the stock. TheStreet upgraded shares of Alexco Resource Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Canaccord Genuity upgraded shares of Alexco Resource Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th.
About Alexco Resource Corp.
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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