GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Down 10.3% in January

GoldMining Inc. (NYSEAMERICAN:GLDG - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,170,000 shares, a decrease of 10.3% from the January 15th total of 2,420,000 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 577,900 shares, the days-to-cover ratio is currently 3.8 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On GoldMining

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

GoldMining Trading Down 3.8 %

GLDG traded down $0.03 on Friday, hitting $0.80. 286,229 shares of the company were exchanged, compared to its average volume of 350,482. GoldMining has a fifty-two week low of $0.75 and a fifty-two week high of $1.06. The firm has a market capitalization of $156.27 million, a P/E ratio of -7.98 and a beta of 1.07.

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.