Nexgen Energy Ltd. (NYSEAMERICAN:NXE) was the target of a large increase in short interest during the month of January. As of January 12th, there was short interest totalling 8,496,145 shares, an increase of 1.6% from the December 29th total of 8,364,621 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average trading volume of 248,284 shares, the days-to-cover ratio is presently 34.2 days.
A hedge fund recently raised its stake in Nexgen Energy stock. Bank of Montreal Can increased its stake in shares of Nexgen Energy Ltd. (NYSEAMERICAN:NXE) by 25.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 455,607 shares of the company’s stock after purchasing an additional 92,346 shares during the quarter. Bank of Montreal Can owned 0.13% of Nexgen Energy worth $1,166,000 at the end of the most recent quarter.
Nexgen Energy (NXE) opened at $2.33 on Monday. The firm has a market capitalization of $787.28, a P/E ratio of 233.00 and a beta of 2.82. Nexgen Energy has a 12-month low of $1.82 and a 12-month high of $3.40.
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About Nexgen Energy
Nuveen Arizona Dividend Advantage Municipal Fund 3 (the Fund) is a closed-ended fund. The Fund seeks to provide monthly tax-free income, portfolio diversification and after tax total returns. The fund’s investment objectives are to provide current income exempt from regular federal and Arizona income tax and to enhance portfolio value.
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