Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Up 37.6% in February

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 109,500 shares, an increase of 37.6% from the February 13th total of 79,600 shares. Based on an average trading volume of 140,500 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price target on Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating for the company in a research report on Tuesday, January 14th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Sprott Inc. boosted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 924,064 shares of the company’s stock after purchasing an additional 55,485 shares during the quarter. Sprott Inc. owned about 0.61% of Fury Gold Mines worth $359,000 at the end of the most recent quarter. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

Fury Gold Mines Stock Performance

Shares of FURY traded up $0.01 during midday trading on Tuesday, reaching $0.41. The stock had a trading volume of 83,121 shares, compared to its average volume of 147,576. Fury Gold Mines has a 1-year low of $0.35 and a 1-year high of $0.59. The business has a fifty day moving average price of $0.38. The firm has a market capitalization of $62.60 million, a P/E ratio of -6.87 and a beta of 1.02.

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.