Alexco Resource Corp. (AXU) Short Interest Update

Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 912,416 shares, a decrease of 4.0% from the January 15th total of 950,649 shares. Based on an average trading volume of 315,985 shares, the short-interest ratio is presently 2.9 days.

Alexco Resource stock opened at $1.21 on Thursday. Alexco Resource has a 1-year low of $0.68 and a 1-year high of $1.70.

Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its quarterly earnings results on Tuesday, November 13th. The mining company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $3.57 million during the quarter, compared to analysts’ expectations of $2.86 million.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted 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 during the period. Raffles Associates LP boosted its position in shares of Alexco Resource by 15.0% during the 3rd quarter. Raffles Associates LP now owns 573,400 shares of the mining company’s stock worth $591,000 after purchasing an additional 75,000 shares during the period. Finally, Pathstone Family Office LLC boosted 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 during the period.

Separately, Zacks Investment Research cut shares of Alexco Resource from a “buy” rating to a “hold” rating in a research note on Wednesday.

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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.

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