Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Rises By 5.2%

GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,010,000 shares, an increase of 5.2% from the November 30th total of 1,910,000 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily volume of 687,600 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of GoldMining

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in shares of GoldMining during the third quarter worth about $42,000. Virtu Financial LLC purchased a new position in shares of GoldMining in the third quarter worth $32,000. SageView Advisory Group LLC acquired a new stake in shares of GoldMining during the third quarter worth $76,000. Van ECK Associates Corp grew its holdings in shares of GoldMining by 0.8% during the third quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company's stock valued at $8,968,000 after buying an additional 74,318 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new position in shares of GoldMining in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 11.25% of the company's stock.

GoldMining Stock Up 0.7 %

Shares of GoldMining stock traded up $0.01 during trading hours on Wednesday, reaching $0.81. The company's stock had a trading volume of 311,330 shares, compared to its average volume of 542,229. GoldMining has a one year low of $0.75 and a one year high of $1.06. The company has a market cap of $156.72 million, a PE ratio of -8.05 and a beta of 1.06.

GoldMining (NYSEAMERICAN:GLDG - Get Free Report) last issued its earnings results on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). As a group, sell-side analysts expect that GoldMining will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their price target on shares of GoldMining from $5.25 to $5.50 and gave the company a "buy" rating in a research report on Thursday, December 5th.

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.