Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Increases By 12.2%

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,030,000 shares, a growth of 12.2% from the October 31st total of 1,810,000 shares. Based on an average trading volume of 838,700 shares, the short-interest ratio is presently 2.4 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Trading of GoldMining

A number of institutional investors and hedge funds have recently modified their holdings of GLDG. Grimes & Company Inc. bought a new stake in GoldMining during the third quarter valued at approximately $32,000. Virtu Financial LLC bought a new stake in GoldMining during the 3rd quarter valued at approximately $32,000. SageView Advisory Group LLC purchased a new position in shares of GoldMining in the third quarter worth $76,000. Renaissance Technologies LLC grew its holdings in GoldMining by 1,564.0% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after buying an additional 273,700 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of GoldMining by 0.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after acquiring an additional 74,318 shares in the last quarter. Institutional investors own 11.25% of the company’s stock.

GoldMining Stock Performance

GLDG traded up $0.01 during midday trading on Tuesday, reaching $0.86. The company’s stock had a trading volume of 313,827 shares, compared to its average volume of 533,211. GoldMining has a 1 year low of $0.75 and a 1 year high of $1.08. The stock has a market cap of $166.45 million, a PE ratio of -8.55 and a beta of 1.06.

GoldMining (NYSEAMERICAN:GLDG) last announced its quarterly earnings results on Friday, October 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Equities research analysts predict that GoldMining will post -0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.25 price target on shares of GoldMining in a report on Friday, August 30th.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.