Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 109,500 shares, an increase of 37.6% from the February 13th total of 79,600 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 140,500 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On Fury Gold Mines
A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. raised its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund 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 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.14% of the company's stock.
Analyst Ratings Changes
Separately, HC Wainwright reduced their target price 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.
View Our Latest Research Report on Fury Gold Mines
Fury Gold Mines Stock Performance
Fury Gold Mines stock traded up $0.01 during midday trading on Thursday, hitting $0.41. 332,423 shares of the stock were exchanged, compared to its average volume of 149,061. Fury Gold Mines has a 1 year low of $0.35 and a 1 year high of $0.59. The stock has a market cap of $61.99 million, a price-to-earnings ratio of -6.70 and a beta of 1.02. The company has a 50 day simple moving average of $0.39.
About Fury Gold Mines
(
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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.
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