U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Update

U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 33,700 shares, a decrease of 45.6% from the November 30th total of 61,900 shares. Currently, 1.9% of the company's shares are short sold. Based on an average daily volume of 75,500 shares, the days-to-cover ratio is presently 0.4 days.

U.S. GoldMining Trading Down 0.8 %

NASDAQ:USGO traded down $0.07 during trading hours on Friday, reaching $8.62. The company had a trading volume of 9,974 shares, compared to its average volume of 25,711. The business's 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $7.69. U.S. GoldMining has a twelve month low of $5.00 and a twelve month high of $14.46.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their target price on shares of U.S. GoldMining from $23.50 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd.

U.S. GoldMining Company Profile

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.