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.
COPYRIGHT VIOLATION WARNING: “NexGen Energy Ltd (NXE) Sees Large Decrease in Short Interest” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.thelincolnianonline.com/2019/02/12/nexgen-energy-ltd-nxe-sees-large-decrease-in-short-interest.html.
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.
Featured Article: What is a balanced fund?
Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.