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 during the month of December. As of December 31st, there was short interest totalling 94,500 shares, a growth of 5.1% from the December 15th total of 89,900 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 123,900 shares, the days-to-cover ratio is presently 0.8 days.

Fury Gold Mines Stock Performance

Shares of NYSEAMERICAN:FURY opened at $0.37 on Tuesday. Fury Gold Mines has a 1 year low of $0.31 and a 1 year high of $0.59. The firm has a market cap of $56.08 million, a PE ratio of -6.17 and a beta of 1.02.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,111,015 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Ashford Capital Management Inc. owned about 2.05% of Fury Gold Mines worth $1,354,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.14% of the company’s stock.

Analyst Ratings Changes

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

Fury Gold Mines Company Profile

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.