Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Large Increase in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 94,500 shares, an increase of 5.1% from the December 15th total of 89,900 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 123,900 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright cut their price target on shares of Fury Gold Mines from $2.00 to $1.10 and set a "buy" rating on the stock in a report on Tuesday, January 14th.

Fury Gold Mines Stock Down 2.0 %

Fury Gold Mines stock traded down $0.01 during trading hours on Monday, hitting $0.37. The stock had a trading volume of 65,101 shares, compared to its average volume of 113,047. Fury Gold Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.59. The stock has a market cap of $56.08 million, a price-to-earnings ratio of -6.17 and a beta of 1.02.

Institutional Trading of Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. raised its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,111,015 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. Ashford Capital Management Inc. owned approximately 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent filing with the SEC. 12.14% of the stock is owned by institutional investors.

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.