Alexco Resource Corp. (AXU) Short Interest Down 16.6% in March
Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,031,678 shares, a decline of 16.6% from the February 28th total of 1,237,672 shares. Based on an average daily volume of 363,080 shares, the short-interest ratio is presently 2.8 days.
NYSEAMERICAN AXU opened at $1.32 on Thursday. Alexco Resource has a 52 week low of $0.68 and a 52 week high of $1.70.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its quarterly earnings results on Wednesday, March 13th. The mining company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $6.74 million for the quarter, compared to analyst estimates of $3.02 million.
A hedge fund recently raised its stake in Alexco Resource stock. Raffles Associates LP boosted its position in shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 573,400 shares of the mining company’s stock after acquiring an additional 75,000 shares during the period. Raffles Associates LP owned about 0.53% of Alexco Resource worth $591,000 as of its most recent SEC filing.
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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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