Alexco Resource Corp. (AXU) Sees Large Drop in Short Interest

Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 1,773,355 shares, a drop of 11.3% from the August 31st total of 2,000,336 shares. Based on an average daily volume of 432,133 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.8% of the shares of the company are sold short.

Institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new stake in Alexco Resource Corp. during the second quarter worth approximately $1,869,000. Global X Management Co. LLC boosted its holdings in shares of Alexco Resource Corp. by 14.8% during the first quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock worth $1,639,000 after acquiring an additional 138,950 shares during the period. Virtu KCG Holdings LLC boosted its holdings in shares of Alexco Resource Corp. by 92.3% during the second 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 during the period. Finally, KCG Holdings Inc. boosted its holdings in shares of Alexco Resource Corp. by 61.9% during the first 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 during the period.

Shares of Alexco Resource Corp. (AXU) opened at 1.45 on Monday. Alexco Resource Corp. has a 52-week low of $1.10 and a 52-week high of $2.04. The company’s market capitalization is $146.69 million. The stock’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.43.

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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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