GoldMining Inc. (NYSEAMERICAN:GLDG) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

Separately, HC Wainwright lifted their target price on GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Institutional Investors Weigh In On GoldMining

Several institutional investors have recently made changes to their positions in GLDG. Grimes & Company Inc. purchased a new position in GoldMining during the 3rd quarter valued at $32,000. Virtu Financial LLC bought a new stake in shares of GoldMining during the third quarter worth $32,000. JPMorgan Chase & Co. purchased a new stake in shares of GoldMining during the third quarter valued at $42,000. SageView Advisory Group LLC bought a new position in shares of GoldMining in the third quarter worth about $76,000. Finally, Renaissance Technologies LLC increased its stake in GoldMining by 1,564.0% in the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock worth $260,000 after buying an additional 273,700 shares during the period. Institutional investors own 11.25% of the company’s stock.

GoldMining Stock Up 1.0 %

NYSEAMERICAN GLDG opened at $0.79 on Tuesday. GoldMining has a 52 week low of $0.75 and a 52 week high of $1.06. The firm has a market cap of $154.86 million, a price-to-earnings ratio of -7.95 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.