Short Interest in Alexco Resource Corp. (AXU) Declines By 11.5%
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the recipient of a large decline in short interest in September. As of September 29th, there was short interest totalling 1,569,260 shares, a decline of 11.5% from the September 15th total of 1,773,355 shares. Based on an average trading volume of 238,088 shares, the short-interest ratio is currently 6.6 days. Approximately 1.6% of the company’s stock are short sold.
Alexco Resource Corp. (NYSE:AXU) opened at 1.50 on Wednesday. The company’s 50-day moving average price is $1.57 and its 200 day moving average price is $1.43. Alexco Resource Corp. has a 52-week low of $1.10 and a 52-week high of $2.04. The firm’s market capitalization is $151.75 million.
Several hedge funds and other institutional investors have recently modified their holdings of the company. ETF Managers Group LLC acquired a new position in shares of Alexco Resource Corp. during the 2nd quarter valued at about $1,869,000. Virtu KCG Holdings LLC increased its holdings in shares of Alexco Resource Corp. 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 acquiring an additional 65,822 shares during the last quarter. KCG Holdings Inc. increased its holdings in shares of Alexco Resource Corp. by 61.9% during 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 last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of Alexco Resource Corp. by 14.8% during the 1st quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock valued at $1,639,000 after acquiring an additional 138,950 shares during the last quarter.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/10/short-interest-in-alexco-resource-corp-axu-declines-by-11-5.html.
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.
Receive News & Ratings for Alexco Resource Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexco Resource Corp. and related companies with MarketBeat.com's FREE daily email newsletter.