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

U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 39,600 shares, an increase of 47.8% from the January 31st total of 26,800 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 52,900 shares, the days-to-cover ratio is presently 0.7 days.

U.S. GoldMining Price Performance

NASDAQ USGO traded down $0.06 on Thursday, hitting $9.77. 24,586 shares of the stock traded hands, compared to its average volume of 34,361. The business's fifty day moving average is $9.80 and its two-hundred day moving average is $9.02. U.S. GoldMining has a 12 month low of $5.00 and a 12 month high of $14.46.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and issued a $26.50 price target on shares of U.S. GoldMining in a report on Tuesday, February 4th.

Institutional Investors Weigh In On U.S. GoldMining

Several large investors have recently added to or reduced their stakes in USGO. Geode Capital Management LLC increased its stake in shares of U.S. GoldMining by 38.5% in the fourth quarter. Geode Capital Management LLC now owns 31,196 shares of the company's stock worth $269,000 after purchasing an additional 8,667 shares in the last quarter. Renaissance Technologies LLC bought a new stake in U.S. GoldMining during the 4th quarter valued at $91,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of U.S. GoldMining during the fourth quarter worth $112,000. OMERS ADMINISTRATION Corp bought a new position in shares of U.S. GoldMining in the fourth quarter worth $116,000. Finally, Northern Trust Corp grew its position in shares of U.S. GoldMining by 124.4% in the fourth quarter. Northern Trust Corp now owns 27,080 shares of the company's stock valued at $233,000 after purchasing an additional 15,011 shares in the last quarter. Hedge funds and other institutional investors own 0.49% of the company's stock.

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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.