Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of a large increase in short interest in December. As of December 29th, there was short interest totalling 7,690,964 shares, an increase of 4.8% from the December 15th total of 7,341,139 shares. Based on an average daily volume of 576,551 shares, the short-interest ratio is presently 13.3 days. Approximately 1.6% of the company’s stock are short sold.
Several analysts recently issued reports on the company. BidaskClub upgraded Denison Mines from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded Denison Mines from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Roth Capital set a $1.00 price target on Denison Mines and gave the company a “buy” rating in a report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The stock has an average rating of “Sell” and an average price target of $0.75.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ninepoint Partners LP acquired a new stake in Denison Mines in the 3rd quarter valued at $943,000. Russell Investments Group Ltd. increased its holdings in Denison Mines by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,725,130 shares of the basic materials company’s stock valued at $4,514,000 after purchasing an additional 4,118,220 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Denison Mines by 6.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,570,280 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 100,000 shares in the last quarter.
Shares of Denison Mines (DNN) opened at $0.54 on Friday. Denison Mines has a twelve month low of $0.38 and a twelve month high of $0.84. The stock has a market capitalization of $334.31, a price-to-earnings ratio of -27.00 and a beta of 1.45.
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Denison Mines Company Profile
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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