Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Expands By 9.0%

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,190,000 shares, an increase of 9.0% from the December 31st total of 2,010,000 shares. Based on an average daily volume of 643,900 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their price objective on shares of GoldMining from $5.25 to $5.50 and gave the company a “buy” rating in a research report on Thursday, December 5th.

Institutional Trading of GoldMining

A number of hedge funds have recently added to or reduced their stakes in GLDG. Grimes & Company Inc. acquired a new stake in shares of GoldMining during the 3rd quarter worth about $32,000. Virtu Financial LLC purchased a new stake in GoldMining in the 3rd quarter valued at $32,000. JPMorgan Chase & Co. acquired a new stake in shares of GoldMining during the third quarter worth $42,000. Van ECK Associates Corp boosted its position in shares of GoldMining by 0.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after purchasing an additional 74,318 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of GoldMining during the 3rd quarter worth $76,000. 11.25% of the stock is owned by hedge funds and other institutional investors.

GoldMining Price Performance

Shares of NYSEAMERICAN GLDG opened at $0.77 on Tuesday. GoldMining has a fifty-two week low of $0.75 and a fifty-two week high of $1.06. The stock has a market capitalization of $150.89 million, a price-to-earnings ratio of -7.74 and a beta of 1.07.

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.