Nexgen Energy Ltd (NYSEAMERICAN:NXE) was the target of a large growth in short interest during the month of June. As of June 29th, there was short interest totalling 15,276,301 shares, a growth of 0.5% from the June 15th total of 15,195,612 shares. Based on an average daily trading volume, of 289,412 shares, the days-to-cover ratio is presently 52.8 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI raised its position in Nexgen Energy by 5.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 785,800 shares of the company’s stock valued at $1,336,000 after buying an additional 39,600 shares during the last quarter. Jane Street Group LLC purchased a new stake in Nexgen Energy in the 4th quarter valued at $155,000. The Manufacturers Life Insurance Company raised its position in Nexgen Energy by 27.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 389,643 shares of the company’s stock valued at $997,000 after buying an additional 83,653 shares during the last quarter. Deutsche Bank AG raised its position in Nexgen Energy by 709.7% in the 4th quarter. Deutsche Bank AG now owns 240,000 shares of the company’s stock valued at $614,000 after buying an additional 210,361 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in Nexgen Energy by 3.1% in the 1st quarter. Global X Management Co. LLC now owns 20,156,301 shares of the company’s stock valued at $34,708,000 after buying an additional 612,376 shares during the last quarter.

Nexgen Energy traded down $0.02, reaching $1.93, on Wednesday, according to MarketBeat. The company had a trading volume of 8,800 shares, compared to its average volume of 256,476. Nexgen Energy has a 52-week low of $1.65 and a 52-week high of $2.85.

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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