Denison Mines Corp. (NYSEAMERICAN:DNN) Short Interest Update

Denison Mines Corp. (NYSEAMERICAN:DNN) experienced a notable rise in short interest during January. As of January 31st, the total short interest reached 51,630,000 shares, reflecting a 5.0% increase from the previous total of 49,160,000 shares noted on January 15th. With an average daily trading volume of 28,760,000 shares, the current days-to-cover ratio stands at 1.8 days.

Analyst Ratings Changes

In related news, Roth MKM has maintained a "buy" rating on Denison Mines, upping its target price from $2.60 to $2.75 in a report released on October 23rd. Within the analyst community, one expert has issued a sell rating, three analysts provided a buy rating, and four analysts favored a strong buy recommendation. According to MarketBeat.com, the consensus rating for the stock is "Buy," with an average price target of $3.00.

Institutional Investors Weigh In On Denison Mines

Recent changes in ownership of Denison Mines include various institutional investors. Oxford Asset Management LLP initiated a position worth $26,000 during the fourth quarter. Similarly, Integrated Investment Consultants LLC commenced a position in the third quarter valued at $27,000, while Vantage Point Financial LLC added a $34,000 investment in the fourth quarter. Commonwealth Equity Services LLC increased its holdings by 74.1% in the same period, owning 19,964 shares valued at $36,000 after an additional purchase of 8,500 shares. Lastly, Headlands Technologies LLC also acquired a new position valued at $38,000 during the fourth quarter. Overall, institutional investors hold 36.74% of Denison Mines’ stock.

Denison Mines Stock Performance

As of Monday, Denison Mines (NYSEAMERICAN DNN) traded down by $0.13, closing at $1.62. The trading volume was significant at 53,104,818 shares, surpassing the average volume of 35,773,492 shares. The stock's 12-month range includes a low of $1.40 and a high of $2.47, with a current 50-day moving average of $1.97. The company holds a market capitalization of $1.45 billion, with a price-to-earnings ratio of -162.00 and a beta of 1.75.

About Denison Mines

Founded to focus on uranium properties, Denison Mines Corp. specializes in the acquisition, exploration, and development of uranium-bearing sites in Canada. The company's flagship project spans approximately 300,000 hectares in the Wheeler River uranium project, located in the Athabasca Basin region of northern Saskatchewan. Denison was formerly known as International Uranium Corporation, reflecting its evolution in the uranium sector.

Denison, Mines, Short, Interest, Stocks