Short Interest Watching: Alexco Resource Corporation (NYSEMKT:AXU) Reports Increase in Sellers; Strong Momentum for Short Players

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Watching: Alexco Resource Corporation (NYSEMKT:AXU) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Alexco Resource Corporation (NYSEMKT:AXU) registered an increase of 21.14% in short interest. AXU’s total short interest was 1.61 million shares in November as published by FINRA. Its up 21.14% from 1.33 million shares, reported previously. With 361,300 shares average volume, it will take short sellers 4 days to cover their AXU’s short positions. The short interest to Alexco Resource Corporation’s float is 1.91%. The stock closed at $1.36 during the last session. It is down 22.52% since April 22, 2016 and is uptrending. It has outperformed by 17.11% the S&P500.

Alexco Resource Corp. 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. The company has a market cap of $112.70 million. The Company’s principal mining business activities are being carried out within the Keno Hill Silver District (KHSD) in Yukon Territory. It currently has negative earnings. The KHSD project is located near the village of Keno City, approximately 350 kilometers north of Whitehorse, Yukon.

Another recent and important Alexco Resource Corp. (USA) (NYSEMKT:AXU) news was published by Seekingalpha.com which published an article titled: “Take Profits On Alexco Resource Corp.” on July 01, 2016.

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By Hazel Jackson


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