Short Interest in Denison Mines Corp. (NYSEAMERICAN:DNN) Increases By 5.0%

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML was the recipient of a large growth in short interest in 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 short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Denison Mines

Several institutional investors have recently bought and sold shares of the stock. Oxford Asset Management LLP acquired a new stake in Denison Mines in the fourth quarter worth approximately $26,000. Integrated Investment Consultants LLC acquired a new stake in shares of Denison Mines in the third quarter valued at $27,000. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines in the fourth quarter valued at $34,000. Commonwealth Equity Services LLC lifted its holdings in shares of Denison Mines by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after buying an additional 8,500 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Denison Mines during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN traded down $0.04 during midday trading on Friday, hitting $1.54. 51,250,989 shares of the company's stock were exchanged, compared to its average volume of 41,328,742. Denison Mines has a twelve month low of $1.40 and a twelve month high of $2.47. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -154.00 and a beta of 1.75. The business's 50 day moving average is $1.91.

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.