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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 45,376 shares, a decline of 27.7% from the February 12th total of 62,804 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 480,793 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 480,793 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Fury Gold Mines

A number of large investors have recently bought and sold shares of FURY. Virginia Wealth Management Group Inc. bought a new position in shares of Fury Gold Mines in the 3rd quarter worth about $46,000. Jane Street Group LLC bought a new stake in shares of Fury Gold Mines during the 4th quarter valued at about $41,000. Goldman Sachs Group Inc. acquired a new stake in Fury Gold Mines during the fourth quarter worth approximately $45,000. Bank of America Corp DE grew its stake in Fury Gold Mines by 590.0% during the second 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 during the period. Finally, Virtu Financial LLC bought a new stake in Fury Gold Mines in the third quarter worth approximately $69,000. 12.14% of the stock is currently owned by institutional investors and hedge funds.

Fury Gold Mines Stock Performance

Shares of NYSEAMERICAN:FURY traded down $0.07 during trading on Friday, reaching $0.61. The stock had a trading volume of 1,078,402 shares, compared to its average volume of 541,614. Fury Gold Mines has a 52 week low of $0.35 and a 52 week high of $1.02. The firm’s fifty day moving average is $0.72 and its 200 day moving average is $0.66. The stock has a market cap of $113.85 million, a price-to-earnings ratio of -1.15 and a beta of 0.66.

Analysts Set New Price Targets

Separately, HC Wainwright lifted their target price on shares of Fury Gold Mines from $1.40 to $2.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Fury Gold Mines has an average rating of “Buy” and a consensus target price of $2.00.

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.