Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,177,385 shares, an increase of 3.5% from the August 15th total of 1,137,843 shares. Based on an average daily trading volume, of 187,222 shares, the days-to-cover ratio is currently 6.3 days.
A hedge fund recently raised its stake in Alexco Resource stock. Renaissance Technologies LLC raised its holdings in shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 662.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,400 shares of the mining company’s stock after purchasing an additional 76,800 shares during the period. Renaissance Technologies LLC owned 0.08% of Alexco Resource worth $118,000 at the end of the most recent reporting period.
Shares of AXU remained flat at $$1.04 during midday trading on Friday. The stock had a trading volume of 87,394 shares, compared to its average volume of 253,639. Alexco Resource has a 1 year low of $1.00 and a 1 year high of $1.79.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its quarterly earnings data on Monday, August 13th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). Alexco Resource had a negative return on equity of 8.84% and a negative net margin of 60.01%. The firm had revenue of $2.75 million during the quarter, compared to analysts’ expectations of $2.49 million.
Several research firms recently commented on AXU. Zacks Investment Research cut Alexco Resource from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. TheStreet cut Alexco Resource from a “c” rating to a “d+” rating in a research report on Friday, August 10th.
About Alexco Resource
Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It primarily owns 100% interests in the Keno Hill Silver District project comprising the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.
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