U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 21,300 shares, a decline of 62.1% from the October 15th total of 56,200 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 52,100 shares, the short-interest ratio is presently 0.4 days.
U.S. GoldMining Stock Performance
Shares of USGO traded down $0.25 during trading hours on Friday, hitting $8.25. The stock had a trading volume of 10,814 shares, compared to its average volume of 21,503. U.S. GoldMining has a 1-year low of $5.00 and a 1-year high of $14.46. The firm has a 50 day simple moving average of $8.48 and a 200-day simple moving average of $6.73.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright upped their target price on U.S. GoldMining from $23.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.
About U.S. GoldMining
U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.
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