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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 94,500 shares, an increase of 5.1% from the December 15th total of 89,900 shares. Based on an average trading volume of 123,900 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. raised its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,111,015 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Price Performance

NYSEAMERICAN FURY opened at $0.37 on Tuesday. Fury Gold Mines has a twelve month low of $0.31 and a twelve month high of $0.59. The stock has a market capitalization of $56.08 million, a PE ratio of -6.17 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on shares of Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Fury Gold Mines Company Profile

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration in Canada. Its principal projects include 100% owned Eau Claire property covering an area of approximately 24,000 hectares located in the Eeyou Istchee/James Bay Region of Quebec; ans Committee Bay gold project with approximately 250,000 hectares located in Nunavut, Canada.