Short Interest in Denison Mines Corp. (NYSEAMERICAN:DNN) Declines By 6.2%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 34,820,000 shares, a decrease of 6.2% from the October 15th total of 37,130,000 shares. Based on an average daily volume of 9,040,000 shares, the short-interest ratio is currently 3.9 days.

Institutional Investors Weigh In On Denison Mines

Several large investors have recently bought and sold shares of the business. FMR LLC purchased a new stake in shares of Denison Mines during the 3rd quarter valued at about $39,013,000. MMCAP International Inc. SPC raised its stake in Denison Mines by 16.0% during the 1st quarter. MMCAP International Inc. SPC now owns 28,389,927 shares of the basic materials company’s stock valued at $30,942,000 after buying an additional 3,912,734 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Denison Mines by 9.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,894,150 shares of the basic materials company’s stock valued at $53,810,000 after buying an additional 3,554,195 shares during the last quarter. Segra Capital Management LLC lifted its holdings in shares of Denison Mines by 10.5% during the 2nd quarter. Segra Capital Management LLC now owns 29,603,529 shares of the basic materials company’s stock valued at $37,004,000 after buying an additional 2,811,997 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Denison Mines in the second quarter worth $3,398,000. 30.93% of the stock is currently owned by institutional investors.

Denison Mines Price Performance

NYSEAMERICAN:DNN opened at $1.78 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 35.60 and a beta of 1.79. Denison Mines has a fifty-two week low of $0.92 and a fifty-two week high of $1.80.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. Denison Mines had a return on equity of 10.68% and a net margin of 489.06%. The business had revenue of $2.07 million for the quarter. Equities research analysts expect that Denison Mines will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

DNN has been the subject of a number of analyst reports. TheStreet raised shares of Denison Mines from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. StockNews.com upgraded Denison Mines to a “sell” rating in a research note on Friday, October 20th.

About Denison Mines

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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.