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 in December. As of December 31st, there was short interest totalling 47,570,000 shares, a growth of 5.6% from the December 15th total of 45,050,000 shares. Based on an average daily trading volume, of 22,380,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On Denison Mines

Several hedge funds have recently modified their holdings of DNN. Integrated Investment Consultants LLC acquired a new stake in shares of Denison Mines in the third quarter worth $27,000. Toronto Dominion Bank lifted its stake in Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 6,777 shares in the last quarter. Fiduciary Family Office LLC acquired a new stake in Denison Mines during the 4th quarter worth about $50,000. Continuum Advisory LLC boosted its position in Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 14,688 shares during the period. Finally, Legacy Capital Group California Inc. grew its stake in Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 11,066 shares in the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm restated a “buy” rating and set a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Finally, CIBC started coverage on Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN traded up $0.02 during trading on Monday, hitting $1.88. The company had a trading volume of 34,839,716 shares, compared to its average volume of 19,216,908. Denison Mines has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a 50-day moving average of $2.00. The company has a market cap of $1.68 billion, a P/E ratio of -188.00 and a beta of 1.77.

Denison Mines Company Profile

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.