Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Decreases By 15.2%

GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 1,840,000 shares, a decline of 15.2% from the January 31st total of 2,170,000 shares. Currently, 1.0% of the company's stock are sold short. Based on an average daily trading volume, of 474,000 shares, the short-interest ratio is presently 3.9 days.

GoldMining Stock Down 0.2 %

NYSEAMERICAN:GLDG traded down $0.00 during trading hours on Friday, reaching $0.82. The company's stock had a trading volume of 319,490 shares, compared to its average volume of 367,850. The company has a market capitalization of $161.35 million, a price-to-earnings ratio of -8.23 and a beta of 1.07. GoldMining has a 12 month low of $0.75 and a 12 month high of $1.06.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price objective on shares of GoldMining from $5.50 to $3.25 and set a "buy" rating for the company in a research note on Friday, February 28th.

Hedge Funds Weigh In On GoldMining

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in shares of GoldMining during the third quarter worth $42,000. Van ECK Associates Corp increased its position in shares of GoldMining by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company's stock valued at $7,438,000 after acquiring an additional 86,964 shares during the period. Sprott Inc. increased its position in shares of GoldMining by 270.9% in the 4th quarter. Sprott Inc. now owns 333,778 shares of the company's stock valued at $269,000 after acquiring an additional 243,778 shares during the period. Virtu Financial LLC acquired a new position in shares of GoldMining in the 3rd quarter valued at $32,000. Finally, SageView Advisory Group LLC acquired a new position in shares of GoldMining in the 3rd quarter valued at $76,000. 11.25% of the stock is owned by institutional investors and hedge funds.

Remove Ads

About GoldMining

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.