Denison Mines Corp (DNN) Short Interest Down 0.5% in November
Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 8,055,675 shares, a decline of 0.5% from the October 31st total of 8,099,856 shares. Based on an average trading volume of 1,280,611 shares, the short-interest ratio is currently 6.3 days. Currently, 1.7% of the shares of the stock are short sold.
Large investors have recently added to or reduced their stakes in the company. Credit Suisse AG grew its holdings in shares of Denison Mines by 67.7% during the first quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 124,195 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Denison Mines by 318.1% during the first quarter. Renaissance Technologies LLC now owns 519,700 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 395,400 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Denison Mines by 4.1% during the second quarter. TD Asset Management Inc. now owns 540,677 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 21,515 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Denison Mines by 3.6% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,470,280 shares of the basic materials company’s stock worth $648,000 after purchasing an additional 51,000 shares during the last quarter. Finally, Ninepoint Partners LP bought a new stake in shares of Denison Mines during the third quarter worth about $943,000.
Denison Mines (NYSEAMERICAN:DNN) opened at $0.49 on Friday. Denison Mines has a 12-month low of $0.38 and a 12-month high of $0.84.
A number of research analysts have issued reports on the company. BidaskClub upgraded Denison Mines from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Research cut 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 target price on Denison Mines and gave the company a “buy” rating in a research report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating and one has given a buy rating to the company. Denison Mines presently has a consensus rating of “Sell” and an average price target of $0.75.
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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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