Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the recipient 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 company’s shares are sold short. Based on an average trading volume of 752,379 shares, the short-interest ratio is currently 2.5 days.
Shares of Alexco Resource Corp. (NYSE:AXU) traded down 3.68% during trading on Friday, reaching $1.31. 286,426 shares of the company were exchanged. Alexco Resource Corp. has a 1-year low of $0.22 and a 1-year high of $2.54. The stock’s market capitalization is $121.37 million. The firm has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.68.
Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in Alexco Resource Corp. during the third quarter valued at $117,000. KCG Holdings Inc. boosted 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 worth $134,000 after buying an additional 40,691 shares during the last quarter. Raymond James & Associates bought a new position in Alexco Resource Corp. during the second quarter worth $153,000. Integrated Investment Consultants LLC bought a new position in Alexco Resource Corp. during the second quarter worth $408,000. Finally, Penserra Capital Management LLC bought a new position in Alexco Resource Corp. during the second quarter worth $1,086,000.
AXU has been the subject of several research analyst reports. 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.
Alexco Resource Corp. Company Profile