Denison Mines Corp. (NYSEAMERICAN:DNN – Get Rating) (TSE:DML) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 42,110,000 shares, a decline of 8.5% from the July 15th total of 46,000,000 shares. Based on an average daily volume of 6,730,000 shares, the short-interest ratio is presently 6.3 days.
Wall Street Analysts Forecast Growth
Separately, TD Securities upgraded Denison Mines from a “hold” rating to a “speculative buy” rating in a report on Friday, May 27th.
Denison Mines Trading Down 3.3 %
NYSEAMERICAN DNN opened at $1.17 on Tuesday. The firm has a market cap of $956.93 million, a PE ratio of 58.53 and a beta of 1.94. Denison Mines has a 1-year low of $0.91 and a 1-year high of $2.14.
Hedge Funds Weigh In On Denison Mines
Denison Mines Company Profile
Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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.
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