Alexco Resource Corp. (AXU) Short Interest Update
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,891,375 shares, a growth of 17.8% from the October 31st total of 1,605,720 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 752,379 shares, the short-interest ratio is currently 2.5 days.
A number of analysts have recently commented on AXU shares. Canaccord Genuity raised shares of Alexco Resource Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. TheStreet raised shares of Alexco Resource Corp. from a “sell” rating to a “hold” rating in a research note on Friday, August 26th.
Shares of Alexco Resource Corp. (NYSE:AXU) opened at 1.34 on Wednesday. The stock’s 50 day moving average is $1.66 and its 200-day moving average is $1.69. Alexco Resource Corp. has a 1-year low of $0.22 and a 1-year high of $2.54. The stock’s market cap is $124.15 million.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Alexco Resource Corp. during the third quarter valued at about $117,000. KCG Holdings Inc. increased its position 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 valued at $134,000 after buying an additional 40,691 shares during the last quarter. Raymond James & Associates acquired a new position in shares of Alexco Resource Corp. during the second quarter valued at about $153,000. Integrated Investment Consultants LLC acquired a new position in shares of Alexco Resource Corp. during the second quarter valued at about $408,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Alexco Resource Corp. during the second quarter valued at about $1,086,000.
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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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