Alexco Resource Corp. (AXU) Short Interest Update

Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,058,726 shares, an increase of 12.9% from the December 14th total of 937,680 shares. Based on an average daily volume of 228,393 shares, the days-to-cover ratio is presently 4.6 days.

Alexco Resource stock opened at $1.05 on Friday. Alexco Resource has a 52 week low of $0.68 and a 52 week high of $1.79.

Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its quarterly earnings data on Tuesday, November 13th. The mining company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $3.57 million for the quarter, compared to analysts’ expectations of $2.86 million.

A number of institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC increased its position in Alexco Resource by 271,792.5% during the 3rd quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $784,000 after purchasing an additional 761,019 shares in the last quarter. Raffles Associates LP grew its holdings in Alexco Resource by 15.0% in the 3rd quarter. Raffles Associates LP now owns 573,400 shares of the mining company’s stock valued at $591,000 after buying an additional 75,000 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Alexco Resource by 166.5% in the 3rd quarter. Renaissance Technologies LLC now owns 235,600 shares of the mining company’s stock valued at $243,000 after buying an additional 147,200 shares during the period.

Separately, Zacks Investment Research upgraded Alexco Resource from a “sell” rating to a “hold” rating in a research report on Monday, October 29th.

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Alexco Resource Company Profile

Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It primarily owns 100% interests in the Keno Hill Silver District project comprising the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.

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