Denison Mines Corp. (NYSEAMERICAN:DNN) Short Interest Update

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 51,630,000 shares, a growth of 5.0% from the January 15th total of 49,160,000 shares. Based on an average daily volume of 28,760,000 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3.00.

Institutional Investors Weigh In On Denison Mines

Several large investors have recently modified their holdings of the stock. Oxford Asset Management LLP acquired a new position in Denison Mines during the fourth quarter worth $26,000. Integrated Investment Consultants LLC acquired a new position in Denison Mines during the third quarter worth $27,000. Vantage Point Financial LLC acquired a new position in Denison Mines during the fourth quarter worth $34,000. Commonwealth Equity Services LLC grew its holdings in Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 8,500 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Denison Mines during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Performance

NYSEAMERICAN DNN traded down $0.13 on Monday, reaching $1.62. The stock had a trading volume of 53,104,818 shares, compared to its average volume of 35,773,492. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47. The company’s 50-day moving average is $1.97. The firm has a market capitalization of $1.45 billion, a PE ratio of -162.00 and a beta of 1.75.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.