Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Grows By 48.9%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 67,569 shares, an increase of 48.9% from the February 26th total of 45,376 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 650,515 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.00.

Hedge Funds Weigh In On Fury Gold Mines

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Fury Gold Mines in the fourth quarter valued at $41,000. Goldman Sachs Group Inc. purchased a new stake in Fury Gold Mines during the 4th quarter worth about $45,000. Virginia Wealth Management Group Inc. acquired a new position in Fury Gold Mines in the 3rd quarter valued at about $46,000. Bank of America Corp DE raised its stake in Fury Gold Mines by 590.0% in the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock valued at $51,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Fury Gold Mines in the 3rd quarter valued at about $69,000. 12.14% of the stock is owned by institutional investors and hedge funds.

Fury Gold Mines Price Performance

Shares of FURY opened at $0.58 on Monday. The firm has a 50 day simple moving average of $0.71 and a 200-day simple moving average of $0.65. Fury Gold Mines has a 1-year low of $0.35 and a 1-year high of $1.02. The stock has a market cap of $107.42 million, a price-to-earnings ratio of -1.09 and a beta of 0.66.

Fury Gold Mines Company Profile

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.