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

Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,933,967 shares, a decline of 5.8% from the July 14th total of 2,053,626 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 220,197 shares, the days-to-cover ratio is currently 8.8 days.

Alexco Resource Corp. (AXU) opened at 1.33 on Thursday. The firm has a 50-day moving average of $1.33 and a 200-day moving average of $1.50. Alexco Resource Corp. has a one year low of $1.10 and a one year high of $2.54. The company’s market capitalization is $128.94 million.

Several large investors have recently modified their holdings of the company. Sprott Inc. raised its stake in shares of Alexco Resource Corp. by 162.0% in the first quarter. Sprott Inc. now owns 446,174 shares of the mining company’s stock valued at $683,000 after buying an additional 275,852 shares during the period. Global X Management Co. LLC raised its stake in shares of Alexco Resource Corp. by 14.8% in the first quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock valued at $1,639,000 after buying an additional 138,950 shares during the period. Finally, KCG Holdings Inc. raised its stake in shares of Alexco Resource Corp. by 61.9% in the first quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock valued at $109,000 after buying an additional 27,256 shares during the period.

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About Alexco Resource Corp.

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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