Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Expands By 171.1%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 493,703 shares, an increase of 171.1% from the April 30th total of 182,104 shares. Based on an average daily trading volume, of 370,223 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of Fury Gold Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of Fury Gold Mines during the fourth quarter worth $41,000. Goldman Sachs Group Inc. acquired a new stake in shares of Fury Gold Mines during the fourth quarter worth $45,000. Bank of America Corp DE raised its holdings in shares of Fury Gold Mines by 590.0% during the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares during the period. Virtu Financial LLC acquired a new stake in shares of Fury Gold Mines during the third quarter worth $69,000. Finally, XTX Topco Ltd raised its holdings in shares of Fury Gold Mines by 256.4% during the fourth quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock worth $70,000 after purchasing an additional 85,437 shares during the period. 12.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. HC Wainwright upped their target price on shares of Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Zacks Research upgraded shares of Fury Gold Mines to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Fury Gold Mines currently has a consensus rating of “Moderate Buy” and an average target price of $2.00.

Fury Gold Mines Stock Up 0.9%

Shares of NYSEAMERICAN:FURY traded up $0.01 on Friday, reaching $0.58. 262,087 shares of the company’s stock were exchanged, compared to its average volume of 297,690. The firm has a market capitalization of $110.21 million, a price-to-earnings ratio of -5.80 and a beta of 0.68. Fury Gold Mines has a fifty-two week low of $0.40 and a fifty-two week high of $1.02. The business’s 50-day moving average is $0.59 and its two-hundred day moving average is $0.63.

About Fury Gold Mines

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.