Denison Mines Corp. (NYSEAMERICAN:DNN) Short Interest Up 5.6% in January

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 47,570,000 shares, a growth of 5.6% from the December 31st total of 45,050,000 shares. Based on an average trading volume of 22,380,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued 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 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 an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Trading Down 5.2 %

Shares of DNN stock opened at $1.82 on Monday. The firm has a fifty day simple moving average of $1.99. Denison Mines has a 52-week low of $1.40 and a 52-week high of $2.47. The firm has a market cap of $1.63 billion, a PE ratio of -182.00 and a beta of 1.77.

Institutional Investors Weigh In On Denison Mines

Large investors have recently made changes to their positions in the company. Segra Capital Management LLC grew its holdings in Denison Mines by 124.8% during the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after acquiring an additional 10,140,540 shares during the last quarter. Van ECK Associates Corp grew its holdings in Denison Mines by 96.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after acquiring an additional 7,168,934 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Denison Mines by 499.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after acquiring an additional 3,438,790 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Denison Mines by 41.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company’s stock worth $5,989,000 after acquiring an additional 963,100 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Denison Mines by 6,560.7% during the 3rd quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock worth $1,468,000 after acquiring an additional 789,979 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

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.