Short Interest in Alexco Resource Corp. (AXU) Drops By 11.8%
Alexco Resource Corp. (NYSE:AXU) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 1,243,622 shares, a decrease 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 currently 2.2 days. Approximately 1.4% of the company’s stock are sold short.
Several brokerages have recently issued reports on AXU. 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 report on Tuesday, September 13th.
Shares of Alexco Resource Corp. (NYSE:AXU) opened at 1.57 on Friday. Alexco Resource Corp. has a 52-week low of $0.22 and a 52-week high of $2.54. The stock’s market cap is $140.07 million. The company has a 50-day moving average of $1.80 and a 200 day moving average of $1.55.
A number of hedge funds and other institutional investors have recently bought and sold shares of AXU. KCG Holdings Inc. raised its position in Alexco Resource Corp. by 96.1% in the second quarter. KCG Holdings Inc. now owns 83,044 shares of the mining company’s stock valued at $134,000 after buying an additional 40,691 shares during the last quarter. Raymond James & Associates acquired a new position in Alexco Resource Corp. during the second quarter valued at approximately $153,000. Integrated Investment Consultants LLC acquired a new position in Alexco Resource Corp. during the second quarter valued at approximately $408,000. Renaissance Technologies LLC raised its position 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. Finally, Penserra Capital Management LLC acquired a new position in Alexco Resource Corp. during the second quarter valued at approximately $1,086,000.
Alexco Resource Corp. Company Profile
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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