U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Down 45.6% in December

U.S. GoldMining Inc. (NASDAQ:USGO) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 33,700 shares, a decline of 45.6% from the November 30th total of 61,900 shares. Based on an average daily volume of 75,500 shares, the short-interest ratio is presently 0.4 days. Approximately 1.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their target price on shares of U.S. GoldMining from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd.

U.S. GoldMining Stock Down 0.8 %

Shares of U.S. GoldMining stock traded down $0.07 during trading hours on Friday, hitting $8.62. 9,974 shares of the company’s stock traded hands, compared to its average volume of 25,711. U.S. GoldMining has a twelve month low of $5.00 and a twelve month high of $14.46. The stock has a 50 day simple moving average of $10.03 and a 200-day simple moving average of $7.70.

About U.S. GoldMining

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.