NexGen Energy Ltd (NXE) Sees Significant Decline in Short Interest

NexGen Energy Ltd (NYSEAMERICAN:NXE) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 11,084,324 shares, a decrease of 2.1% from the January 15th total of 11,318,642 shares. Based on an average trading volume of 283,194 shares, the short-interest ratio is presently 39.1 days.

NXE stock opened at $1.75 on Thursday. NexGen Energy has a 52 week low of $1.57 and a 52 week high of $2.53.

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of NexGen Energy in the fourth quarter valued at about $18,867,000. Russell Investments Group Ltd. grew its stake in shares of NexGen Energy by 5.9% in the third 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 in the last quarter. Morgan Stanley grew its stake in shares of NexGen Energy by 6.7% in the third quarter. Morgan Stanley now owns 3,347,738 shares of the company’s stock valued at $6,863,000 after acquiring an additional 210,603 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of NexGen Energy by 12.5% in the fourth quarter. State of Tennessee Treasury Department now owns 3,047,916 shares of the company’s stock valued at $5,380,000 after acquiring an additional 339,355 shares in the last quarter. Finally, Old West Investment Management LLC grew its stake in shares of NexGen Energy by 152.5% in the fourth quarter. Old West Investment Management LLC now owns 1,687,256 shares of the company’s stock valued at $3,003,000 after acquiring an additional 1,019,144 shares in the last quarter.

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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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