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

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 43,900,000 shares, a growth of 6.2% from the October 31st total of 41,320,000 shares. Based on an average daily trading volume, of 20,180,000 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On Denison Mines

Institutional investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Denison Mines in the 3rd quarter valued at $27,000. RPS Advisory Solutions LLC purchased a new stake in Denison Mines during the 2nd quarter worth about $46,000. Legacy Capital Group California Inc. boosted its stake in Denison Mines by 131.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 13,248 shares during the period. Toronto Dominion Bank grew its holdings in Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 6,777 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 14,688 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Trading Down 2.2 %

DNN traded down $0.05 during trading on Tuesday, hitting $2.24. 12,465,913 shares of the company’s stock traded hands, compared to its average volume of 17,005,498. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47. The business’s 50 day moving average is $2.01.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DNN shares. Roth Mkm reaffirmed a “buy” rating and set a $2.75 price target (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. CIBC began coverage on Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price target for the company. Finally, Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3.00.

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.