Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,009,081 shares, a decrease of 3.0% from the October 15th total of 1,040,403 shares. Based on an average daily trading volume, of 223,756 shares, the short-interest ratio is currently 4.5 days.

A number of research analysts recently commented on AXU shares. TheStreet lowered shares of Alexco Resource from a “c” rating to a “d+” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Alexco Resource from a “sell” rating to a “hold” rating in a research note on Monday, July 16th.

Several large investors have recently made changes to their positions in AXU. Renaissance Technologies LLC grew its position in shares of Alexco Resource by 662.1% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the mining company’s stock worth $118,000 after purchasing an additional 76,800 shares in the last quarter. Raffles Associates LP acquired a new position in shares of Alexco Resource during the 2nd quarter worth approximately $665,000. Finally, Pathstone Family Office LLC grew its position in shares of Alexco Resource by 271,792.5% during the 3rd quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $784,000 after purchasing an additional 761,019 shares in the last quarter.

Shares of AXU opened at $0.85 on Friday. Alexco Resource has a 52 week low of $0.82 and a 52 week high of $1.79.

Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last announced its quarterly earnings results on Monday, August 13th. The mining company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $2.75 million during the quarter, compared to analyst estimates of $2.49 million.

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Alexco Resource Company Profile

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.

Further Reading: Retained Earnings

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