U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

Posted by Kyle Jackson on Sep 17th, 2024

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 11,400 shares, an increase of 32.6% from the August 15th total of 8,600 shares. Based on an average daily trading volume, of 27,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

U.S. Global Investors Stock Performance

NASDAQ GROW remained flat at $2.58 on Monday. 44,301 shares of the company traded hands, compared to its average volume of 27,872. U.S. Global Investors has a 1-year low of $2.47 and a 1-year high of $3.11. The firm’s fifty day simple moving average is $2.59 and its 200 day simple moving average is $2.64. The company has a market cap of $35.90 million, a P/E ratio of 21.50 and a beta of 1.83.

Institutional Trading of U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on U.S. Global Investors in a research note on Monday, September 9th. They issued a “hold” rating on the stock.

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U.S. Global Investors Company Profile

(Get Free Report)

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.