Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,341,139 shares, a decrease of 19.5% from the November 30th total of 9,115,405 shares. Based on an average trading volume of 1,040,172 shares, the short-interest ratio is presently 7.1 days. Approximately 1.6% of the shares of the stock are short sold.
A number of large investors have recently made changes to their positions in the business. TD Asset Management Inc. grew its holdings in Denison Mines by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 540,677 shares of the basic materials company’s stock valued at $433,000 after buying an additional 21,515 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in Denison Mines by 3.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,470,280 shares of the basic materials company’s stock valued at $648,000 after buying an additional 51,000 shares during the last quarter. Credit Suisse AG grew its holdings in Denison Mines by 67.7% during the 1st quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock valued at $191,000 after buying an additional 124,195 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Denison Mines by 318.1% during the 1st quarter. Renaissance Technologies LLC now owns 519,700 shares of the basic materials company’s stock valued at $321,000 after buying an additional 395,400 shares during the last quarter. Finally, Ninepoint Partners LP acquired a new stake in Denison Mines during the 3rd quarter valued at $943,000.
Shares of Denison Mines (NYSEAMERICAN DNN) opened at $0.55 on Monday. The company has a market capitalization of $299.87, a price-to-earnings ratio of -27.35 and a beta of 1.45. Denison Mines has a fifty-two week low of $0.38 and a fifty-two week high of $0.84.
A number of research firms recently weighed in on DNN. BidaskClub upgraded Denison Mines from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research cut 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 stock a “buy” rating in a report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $0.75.
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About Denison Mines
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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