Short Interest in Nexgen Energy Ltd (NXE) Rises By 11.0%

Nexgen Energy Ltd (NYSEAMERICAN:NXE) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 14,513,072 shares, an increase of 11.0% from the May 15th total of 13,075,200 shares. Based on an average daily volume of 259,163 shares, the short-interest ratio is presently 56.0 days.

NXE traded down $0.03 during trading on Monday, hitting $2.25. The company’s stock had a trading volume of 236,602 shares, compared to its average volume of 258,607. Nexgen Energy has a twelve month low of $1.65 and a twelve month high of $2.85.

A number of institutional investors and hedge funds have recently modified their holdings of NXE. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Nexgen Energy by 5.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 785,800 shares of the company’s stock worth $1,336,000 after acquiring an additional 39,600 shares during the last quarter. Florence Capital Advisors LLC acquired a new stake in shares of Nexgen Energy in the fourth quarter worth approximately $108,000. Jane Street Group LLC acquired a new stake in shares of Nexgen Energy in the fourth quarter worth approximately $155,000. The Manufacturers Life Insurance Company boosted its stake in shares of Nexgen Energy by 27.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 389,643 shares of the company’s stock worth $997,000 after acquiring an additional 83,653 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Nexgen Energy by 25.4% in the fourth quarter. Bank of Montreal Can now owns 455,607 shares of the company’s stock worth $1,166,000 after acquiring an additional 92,346 shares during the last quarter.

Nexgen Energy Company Profile

NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.

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