NexGen Energy Ltd (NYSEAMERICAN:NXE) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 13,056,560 shares, a decrease of 6.7% from the October 15th total of 13,994,776 shares. Based on an average daily volume of 229,635 shares, the days-to-cover ratio is presently 56.9 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dudley & Shanley Inc. boosted its stake in NexGen Energy by 17.4% during the 3rd quarter. Dudley & Shanley Inc. now owns 983,000 shares of the company’s stock valued at $1,993,000 after acquiring an additional 145,500 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new position in NexGen Energy during the 3rd quarter valued at $152,000. Russell Investments Group Ltd. boosted its stake in NexGen Energy by 5.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,283,265 shares of the company’s stock valued at $16,586,000 after acquiring an additional 461,280 shares during the last quarter. Van ECK Associates Corp bought a new position in NexGen Energy during the 2nd quarter valued at $123,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of NexGen Energy by 32.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,040,200 shares of the company’s stock worth $1,935,000 after purchasing an additional 254,400 shares during the period.
NYSEAMERICAN NXE opened at $2.28 on Friday. NexGen Energy has a 12 month low of $1.65 and a 12 month high of $2.85.
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NexGen Energy Company Profile
NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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