Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Declines By 8.2%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 365,100 shares, a decline of 8.2% from the June 30th total of 397,900 shares. Based on an average daily volume of 179,200 shares, the short-interest ratio is presently 2.0 days. Currently, 0.3% of the company’s shares are sold short.

Fury Gold Mines Stock Down 3.8 %

Shares of Fury Gold Mines stock traded down $0.02 during trading hours on Thursday, hitting $0.38. The company’s stock had a trading volume of 48,185 shares, compared to its average volume of 151,548. The firm has a market cap of $58.01 million, a PE ratio of -4.88 and a beta of 1.05. Fury Gold Mines has a twelve month low of $0.31 and a twelve month high of $0.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. grew its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,991,015 shares of the company’s stock after buying an additional 41,015 shares during the quarter. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission. 12.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price target on shares of Fury Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a research report on Thursday, May 23rd.

About Fury Gold Mines

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.