Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Large Drop in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 23,356 shares, a decrease of 76.6% from the December 31st total of 99,769 shares. Based on an average daily volume of 1,015,496 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,015,496 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fury Gold Mines

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Fury Gold Mines during the third quarter worth $69,000. Virginia Wealth Management Group Inc. purchased a new stake in shares of Fury Gold Mines during the third quarter worth $46,000. Finally, Bank of America Corp DE raised its position in 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 valued at $51,000 after purchasing an additional 88,500 shares in the last quarter. 12.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $1.40 target price 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 data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1.40.

Fury Gold Mines Stock Performance

Shares of FURY traded down $0.13 during trading hours on Friday, hitting $0.76. 2,998,645 shares of the stock were exchanged, compared to its average volume of 1,289,471. Fury Gold Mines has a 12-month low of $0.35 and a 12-month high of $1.02. The company has a market cap of $140.76 million, a price-to-earnings ratio of -1.43 and a beta of 0.65. The stock’s 50-day moving average price is $0.65 and its two-hundred day moving average price is $0.61.

About Fury Gold Mines

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.