NexGen Energy Ltd (NXE) Sees Large Decrease in Short Interest

NexGen Energy Ltd (NYSEAMERICAN:NXE) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 11,084,324 shares, a drop of 2.1% from the January 15th total of 11,318,642 shares. Based on an average daily trading volume, of 283,194 shares, the short-interest ratio is currently 39.1 days.

Several institutional investors and hedge funds have recently modified their holdings of NXE. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NexGen Energy during the fourth quarter valued at $18,867,000. Russell Investments Group Ltd. increased its holdings in shares of NexGen Energy by 5.9% during the third quarter. Russell Investments Group Ltd. now owns 8,283,265 shares of the company’s stock valued at $16,586,000 after purchasing an additional 461,280 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of NexGen Energy by 12.5% during the fourth quarter. State of Tennessee Treasury Department now owns 3,047,916 shares of the company’s stock valued at $5,380,000 after purchasing an additional 339,355 shares during the period. Morgan Stanley increased its holdings in shares of NexGen Energy by 6.7% during the third quarter. Morgan Stanley now owns 3,347,738 shares of the company’s stock valued at $6,863,000 after purchasing an additional 210,603 shares during the period. Finally, Dudley & Shanley Inc. increased its holdings in shares of NexGen Energy by 17.4% during the third quarter. Dudley & Shanley Inc. now owns 983,000 shares of the company’s stock valued at $1,993,000 after purchasing an additional 145,500 shares during the period.

Shares of NXE opened at $1.85 on Tuesday. NexGen Energy has a one year low of $1.57 and a one year high of $2.53.

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About NexGen Energy

NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.

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