Alexco Resource Corp. (NYSE:AXU) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,409,387 shares, a growth of 15.6% from the August 31st total of 1,218,687 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 735,487 shares, the short-interest ratio is presently 1.9 days.
A number of large investors have recently modified their holdings of the company. KCG Holdings Inc. boosted its stake in shares of Alexco Resource Corp. by 96.1% in the second quarter. KCG Holdings Inc. now owns 83,044 shares of the mining company’s stock worth $134,000 after buying an additional 40,691 shares in the last quarter. Raymond James & Associates purchased a new position in Alexco Resource Corp. during the second quarter worth $153,000. Sprott Inc. raised its position 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 worth $1,270,000 after buying an additional 763,442 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Alexco Resource Corp. during the second quarter worth $1,086,000. Finally, Integrated Investment Consultants LLC purchased a new position in Alexco Resource Corp. during the second quarter worth $408,000.
Shares of Alexco Resource Corp. (NYSE:AXU) traded down 5.08% during trading on Monday, reaching $1.68. The company’s stock had a trading volume of 857,955 shares. The stock’s market capitalization is $149.89 million. The company’s 50-day moving average price is $2.01 and its 200 day moving average price is $1.47. Alexco Resource Corp. has a 1-year low of $0.22 and a 1-year high of $2.54.
A number of equities analysts recently commented on AXU shares. Canaccord Genuity upgraded Alexco Resource Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. TheStreet upgraded Alexco Resource Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 26th.
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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