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

Denison Mines Corp. (NYSEAMERICAN:DNNGet 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

A number of institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Denison Mines by 4.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,506,962 shares of the basic materials company’s stock worth $67,791,000 after purchasing an additional 1,662,873 shares during the period. Exchange Traded Concepts LLC increased its stake in Denison Mines by 36.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 31,676,952 shares of the basic materials company’s stock worth $50,683,000 after buying an additional 8,398,146 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Denison Mines in the 2nd quarter worth $29,108,000. MMCAP International Inc. SPC increased its stake in Denison Mines by 2.5% in the 1st quarter. MMCAP International Inc. SPC now owns 24,781,503 shares of the basic materials company’s stock worth $39,650,000 after buying an additional 609,251 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in Denison Mines by 3.6% in the 1st quarter. Hood River Capital Management LLC now owns 20,138,675 shares of the basic materials company’s stock worth $32,222,000 after buying an additional 691,095 shares in the last quarter. 24.96% of the stock is owned by institutional investors.

Denison Mines Company Profile

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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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