Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Increase in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 516,095 shares, an increase of 2,109.7% from the January 15th total of 23,356 shares. Based on an average trading volume of 1,863,879 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 1,863,879 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Institutional Trading of Fury Gold Mines

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in shares of Fury Gold Mines during the 4th quarter worth $45,000. Virginia Wealth Management Group Inc. purchased a new position in shares of Fury Gold Mines in the third quarter valued at $46,000. Bank of America Corp DE lifted its holdings in Fury Gold Mines by 590.0% during the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Fury Gold Mines during the 3rd quarter valued at about $69,000. 12.14% of the stock is owned by hedge funds and other institutional investors.

Fury Gold Mines Stock Down 2.5%

FURY traded down $0.02 during trading on Tuesday, hitting $0.74. 401,976 shares of the company traded hands, compared to its average volume of 1,312,085. The firm has a market cap of $138.01 million, a P/E ratio of -1.40 and a beta of 0.65. Fury Gold Mines has a one year low of $0.35 and a one year high of $1.02. The stock’s fifty day moving average is $0.67 and its 200 day moving average is $0.62.

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.