Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Drops By 91.1%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 99,769 shares, a decline of 91.1% from the December 15th total of 1,116,173 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 460,220 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 460,220 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Fury Gold Mines Stock Down 0.2%

Shares of FURY traded down $0.00 during mid-day trading on Tuesday, hitting $0.59. 589,478 shares of the company’s stock traded hands, compared to its average volume of 642,380. The firm has a market capitalization of $109.53 million, a P/E ratio of -1.12 and a beta of 0.65. The business’s 50-day moving average price is $0.58 and its 200-day moving average price is $0.59. Fury Gold Mines has a 1 year low of $0.35 and a 1 year high of $0.89.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $1.40 price target on shares of Fury Gold Mines in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1.40.

Hedge Funds Weigh In On Fury Gold Mines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Wealth Management Group Inc. purchased a new stake in Fury Gold Mines in the third quarter worth about $46,000. Bank of America Corp DE raised its position in shares of Fury Gold Mines by 590.0% in the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after acquiring an additional 88,500 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Fury Gold Mines in the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.