Alexco Resource Corp. (AXU) Short Interest Down 4.0% in January
Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 912,416 shares, a decrease of 4.0% from the January 15th total of 950,649 shares. Based on an average daily trading volume, of 315,985 shares, the days-to-cover ratio is currently 2.9 days.
Separately, Zacks Investment Research upgraded shares of Alexco Resource from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Tuesday.
Alexco Resource stock opened at $1.25 on Wednesday. Alexco Resource has a 52-week low of $0.68 and a 52-week high of $1.70.
A number of institutional investors have recently added to or reduced their stakes in AXU. Renaissance Technologies LLC lifted its holdings in Alexco Resource by 662.1% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the mining company’s stock worth $118,000 after buying an additional 76,800 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in Alexco Resource by 271,792.5% during the 3rd quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $784,000 after buying an additional 761,019 shares in the last quarter. Finally, Raffles Associates LP increased its position in shares of Alexco Resource by 15.0% in the 3rd quarter. Raffles Associates LP now owns 573,400 shares of the mining company’s stock valued at $591,000 after purchasing an additional 75,000 shares during the last quarter.
Alexco Resource Company Profile
Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It primarily owns 100% interests in the Keno Hill Silver District project comprising the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.
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