Alexco Resource Corp. (AXU) Short Interest Down 10.5% in November

Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,366,765 shares, a drop of 10.5% from the October 31st total of 1,526,993 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 181,558 shares, the short-interest ratio is presently 7.5 days.

A number of institutional investors and hedge funds have recently modified their holdings of AXU. KCG Holdings Inc. raised its position in shares of Alexco Resource by 61.9% during the first quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock worth $109,000 after purchasing an additional 27,256 shares during the period. Virtu KCG Holdings LLC raised its position in shares of Alexco Resource by 92.3% during the second quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock worth $181,000 after purchasing an additional 65,822 shares during the period. Ninepoint Partners LP acquired a new stake in shares of Alexco Resource during the third quarter worth about $462,000. Pathstone Family Office LLC raised its position in shares of Alexco Resource by 6.5% during the third quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $1,103,000 after purchasing an additional 46,780 shares during the period. Finally, Global X MANAGEMENT CO LLC raised its position in shares of Alexco Resource by 8.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,157,094 shares of the mining company’s stock worth $1,675,000 after purchasing an additional 85,734 shares during the period.

Alexco Resource (NYSEAMERICAN:AXU) opened at $1.40 on Thursday. Alexco Resource has a 1-year low of $1.10 and a 1-year high of $2.04.

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About Alexco Resource

Alexco Resource Corp. (Alexco) operates two businesses: a mining business, consisting of mineral exploration and mine development and operation in Canada, located in Yukon Territory, and through its Alexco Environmental Group (AEG), an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada and the United States.

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