Short Interest in U.S. GoldMining Inc. (NASDAQ:USGO) Decreases By 45.6%

U.S. GoldMining Inc. (NASDAQ:USGO) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 33,700 shares, a drop of 45.6% from the November 30th total of 61,900 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 75,500 shares, the days-to-cover ratio is currently 0.4 days.

U.S. GoldMining Trading Down 0.8 %

USGO stock traded down $0.07 during midday trading on Friday, reaching $8.62. 9,974 shares of the company’s stock traded hands, compared to its average volume of 25,711. U.S. GoldMining has a fifty-two week low of $5.00 and a fifty-two week high of $14.46. The business has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $7.70.

Analyst Ratings Changes

Separately, HC Wainwright raised their price objective on shares of U.S. GoldMining from $23.50 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd.

About U.S. GoldMining

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.