Alexco Resource Corp. (AXU) Sees Large Increase in Short Interest
Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,526,993 shares, a growth of 6.4% from the October 13th total of 1,434,742 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 341,026 shares, the short-interest ratio is currently 4.5 days.
Several institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new stake in shares of Alexco Resource Corp. during the 2nd quarter worth approximately $1,869,000. Global X MANAGEMENT CO LLC raised its holdings in shares of Alexco Resource Corp. by 8.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,157,094 shares of the mining company’s stock worth $1,675,000 after acquiring an additional 85,734 shares in the last quarter. Ninepoint Partners LP purchased a new stake in shares of Alexco Resource Corp. during the 3rd quarter worth approximately $462,000. Virtu KCG Holdings LLC raised its holdings in shares of Alexco Resource Corp. by 92.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock worth $181,000 after acquiring an additional 65,822 shares in the last quarter. Finally, KCG Holdings Inc. raised its holdings in shares of Alexco Resource Corp. by 61.9% during the 1st quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock worth $109,000 after acquiring an additional 27,256 shares in the last quarter.
Shares of Alexco Resource Corp. (NYSE AXU) opened at $1.22 on Tuesday. Alexco Resource Corp. has a twelve month low of $1.10 and a twelve month high of $2.04.
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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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