Alexco Resource (AXU) Sees Large Growth in Short Interest

Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,164,953 shares, an increase of 5.5% from the March 15th total of 1,104,709 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 273,541 shares, the short-interest ratio is presently 4.3 days.

AXU has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on Alexco Resource in a report on Tuesday, February 20th. They set a “buy” rating and a $2.75 target price on the stock. TheStreet upgraded Alexco Resource from a “d+” rating to a “c” rating in a report on Thursday, March 15th.

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Shares of Alexco Resource stock opened at $1.55 on Wednesday. Alexco Resource has a 52-week low of $1.10 and a 52-week high of $1.85.

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About Alexco Resource

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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