Alexco Resource Corp. (NYSE:AXU) (TSE:AXR) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,878,397 shares, a decline of 2.9% from the July 31st total of 1,933,967 shares. Based on an average daily volume of 207,198 shares, the short-interest ratio is presently 9.1 days. Currently, 2.0% of the shares of the company are sold short.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KCG Holdings Inc. boosted its position in shares of Alexco Resource Corp. by 61.9% in the first quarter. KCG Holdings Inc. now owns 71,287 shares of the mining company’s stock valued at $109,000 after buying an additional 27,256 shares in the last quarter. Virtu KCG Holdings LLC boosted its position in shares of Alexco Resource Corp. by 92.3% in the second quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock valued at $181,000 after buying an additional 65,822 shares in the last quarter. Sprott Inc. boosted its position in shares of Alexco Resource Corp. by 162.0% in the first quarter. Sprott Inc. now owns 446,174 shares of the mining company’s stock valued at $683,000 after buying an additional 275,852 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Alexco Resource Corp. by 14.8% in the first quarter. Global X Management Co. LLC now owns 1,076,758 shares of the mining company’s stock valued at $1,639,000 after buying an additional 138,950 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in shares of Alexco Resource Corp. during the second quarter valued at $1,869,000.

Alexco Resource Corp. (NYSE:AXU) opened at 1.41 on Monday. Alexco Resource Corp. has a 1-year low of $1.10 and a 1-year high of $2.19. The company has a 50 day moving average of $1.36 and a 200 day moving average of $1.45. The firm’s market capitalization is $142.64 million.

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About Alexco Resource Corp.

Alexco Resource Corp. (Alexco) operates two businesses: a mining business, consisting of mineral exploration and mine development and operation in Canada, located in Yukon Territory, and through its Alexco Environmental Group (AEG), an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada and the United States.

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