Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Increase in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 109,500 shares, a growth of 37.6% from the February 13th total of 79,600 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. boosted its holdings in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,311,015 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Ashford Capital Management Inc. owned about 2.18% of Fury Gold Mines worth $1,225,000 at the end of the most recent reporting period. Institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Stock Performance

Fury Gold Mines stock traded up $0.00 during trading hours on Monday, reaching $0.41. The company had a trading volume of 200,186 shares, compared to its average volume of 146,875. Fury Gold Mines has a 12-month low of $0.35 and a 12-month high of $0.59. The stock has a 50-day simple moving average of $0.38. The stock has a market cap of $61.84 million, a price-to-earnings ratio of -6.78 and a beta of 1.02.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price objective on Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

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.