GoldMining Inc. (NYSEAMERICAN:GLDG – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 2,220,000 shares, a drop of 10.1% from the September 15th total of 2,470,000 shares. Based on an average daily volume of 623,800 shares, the short-interest ratio is currently 3.6 days. Currently, 1.2% of the shares of the stock are short sold.
Institutional Trading of GoldMining
An institutional investor recently raised its position in GoldMining stock. Renaissance Technologies LLC lifted its position in shares of GoldMining Inc. (NYSEAMERICAN:GLDG – Free Report) by 1,564.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291,200 shares of the company’s stock after buying an additional 273,700 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of GoldMining worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.25% of the company’s stock.
GoldMining Price Performance
Shares of GLDG stock traded up $0.02 during trading hours on Wednesday, reaching $0.96. The company had a trading volume of 307,901 shares, compared to its average volume of 497,456. GoldMining has a 12-month low of $0.75 and a 12-month high of $1.08. The firm has a market capitalization of $182.61 million, a PE ratio of -9.38 and a beta of 1.10.
Wall Street Analyst Weigh In
View Our Latest Analysis on GLDG
About GoldMining
GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.
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