Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 6,509,692 shares, a drop of 3.3% from the October 15th total of 6,732,208 shares. Based on an average daily volume of 590,527 shares, the days-to-cover ratio is presently 11.0 days.
Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in shares of Denison Mines by 3.3% in the third quarter. Russell Investments Group Ltd. now owns 8,537,279 shares of the basic materials company’s stock worth $5,554,000 after acquiring an additional 272,686 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Denison Mines in the second quarter worth approximately $176,000. Commerzbank Aktiengesellschaft FI grew its stake in shares of Denison Mines by 25.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,479,780 shares of the basic materials company’s stock worth $1,248,000 after acquiring an additional 498,000 shares during the period. Finally, Bienville Capital Management LLC grew its stake in shares of Denison Mines by 116.0% in the second quarter. Bienville Capital Management LLC now owns 954,089 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 512,472 shares during the period.
NYSEAMERICAN:DNN opened at $0.60 on Friday. Denison Mines has a fifty-two week low of $0.43 and a fifty-two week high of $0.69.
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About Denison Mines
Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 63.3% interest in the Wheeler River project located in northern Saskatchewan.
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