Denison Mines Corp. (NYSEAMERICAN:DNN) Short Interest Update

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 51,630,000 shares, a growth of 5.0% from the January 15th total of 49,160,000 shares. Based on an average daily trading volume, of 28,760,000 shares, the short-interest ratio is presently 1.8 days.

Denison Mines Price Performance

Shares of DNN opened at $1.63 on Wednesday. The stock’s 50-day moving average is $1.96. The firm has a market cap of $1.46 billion, a P/E ratio of -163.00 and a beta of 1.75. Denison Mines has a fifty-two week low of $1.40 and a fifty-two week high of $2.47.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Denison Mines by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company’s stock valued at $114,120,000 after buying an additional 880,966 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Denison Mines during the fourth quarter worth approximately $35,837,000. Segra Capital Management LLC increased its position in shares of Denison Mines by 124.8% during the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after purchasing an additional 10,140,540 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Denison Mines by 5.8% in the 4th quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company’s stock valued at $18,298,000 after purchasing an additional 558,200 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $3.00.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.