GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,840,000 shares, a drop of 15.2% from the January 31st total of 2,170,000 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 474,000 shares, the short-interest ratio is presently 3.9 days.

Hedge Funds Weigh In On GoldMining

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of GoldMining during the third quarter worth $42,000. Van ECK Associates Corp boosted its holdings in GoldMining by 1.0% in the fourth quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company’s stock worth $7,438,000 after acquiring an additional 86,964 shares in the last quarter. Sprott Inc. grew its stake in shares of GoldMining by 270.9% during the fourth quarter. Sprott Inc. now owns 333,778 shares of the company’s stock worth $269,000 after acquiring an additional 243,778 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of GoldMining during the third quarter valued at about $32,000. Finally, SageView Advisory Group LLC purchased a new position in shares of GoldMining in the 3rd quarter valued at approximately $76,000. Institutional investors own 11.25% of the company’s stock.

GoldMining Price Performance

GLDG stock traded up $0.00 during trading on Friday, hitting $0.83. The company had a trading volume of 111,624 shares, compared to its average volume of 362,805. The company has a market capitalization of $161.64 million, a PE ratio of -8.25 and a beta of 1.07. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.06.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut their target price on GoldMining from $5.50 to $3.25 and set a “buy” rating on the stock in a research report on Friday, February 28th.

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.