A Reversal for Alexco Resource Corporation (NYSEAMERICAN:AXU) Is Not Near. The Stock Has Rise in Shorts

December 7, 2017 - By Darrin Black

 A Reversal for Alexco Resource Corporation (NYSEAMERICAN:AXU) Is Not Near. The Stock Has Rise in Shorts

The stock of Alexco Resource Corporation (NYSEAMERICAN:AXU) registered an increase of 6.43% in short interest. AXU’s total short interest was 1.53 million shares in December as published by FINRA. Its up 6.43% from 1.43M shares, reported previously. With 341,000 shares average volume, it will take short sellers 5 days to cover their AXU’s short positions. The short interest to Alexco Resource Corporation’s float is 1.72%.

It closed at $1.28 lastly. It is down 6.50% since December 7, 2016 and is uptrending. It has underperformed by 10.20% the S&P500.

Alexco Resource Corp. engages in the mineral exploration, and mine development and operation activities in Canada. The company has market cap of $130.79 million. The firm explores for silver, lead, and zinc deposits. It currently has negative earnings. It owns 100% interests in the Keno Hill Silver District project comprising the Bellekeno, Flame & Moth, Lucky, Queen, Onek, and Bermingham deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.

More recent Alexco Resource Corp. (NYSEAMERICAN:AXU) news were published by: Seekingalpha.com which released: “Alexco Resource’s (AXU) CEO Clynt Nauman on Q2 2017 Results – Earnings Call …” on August 12, 2017. Also Seekingalpha.com published the news titled: “Take Profits On Alexco Resource Corp.” on July 01, 2016. Seekingalpha.com‘s news article titled: “Alexco Resource’s (AXU) CEO Clynt Nauman on Q3 2017 Results – Earnings Call …” with publication date: November 04, 2017 was also an interesting one.

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