GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,190,000 shares, an increase of 9.0% from the December 31st total of 2,010,000 shares. Based on an average daily volume of 643,900 shares, the short-interest ratio is presently 3.4 days. Approximately 1.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their target price on shares of GoldMining from $5.25 to $5.50 and gave the company a “buy” rating in a research report on Thursday, December 5th.

Institutional Trading of GoldMining

A number of hedge funds have recently bought and sold shares of the company. Grimes & Company Inc. purchased a new position in GoldMining during the 3rd quarter valued at about $32,000. Virtu Financial LLC purchased a new stake in GoldMining in the third quarter worth $32,000. JPMorgan Chase & Co. bought a new position in GoldMining in the third quarter worth $42,000. SageView Advisory Group LLC purchased a new position in GoldMining during the third quarter valued at $76,000. Finally, Renaissance Technologies LLC lifted its position in GoldMining by 1,564.0% during the second 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 during the period. Institutional investors own 11.25% of the company’s stock.

GoldMining Stock Down 2.8 %

Shares of NYSEAMERICAN:GLDG opened at $0.77 on Tuesday. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.06. The firm has a market capitalization of $150.89 million, a P/E ratio of -7.74 and a beta of 1.07.

About GoldMining

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.