U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 93,600 shares, a growth of 44.9% from the October 15th total of 64,600 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on U.S. Global Investors in a report on Tuesday. They set a “hold” rating for the company.

U.S. Global Investors Price Performance

NASDAQ:GROW remained flat at $2.40 on Friday. The company’s stock had a trading volume of 32,897 shares, compared to its average volume of 79,633. The firm has a market capitalization of $32.77 million, a PE ratio of 18.42 and a beta of 1.85. The business has a 50 day moving average of $2.49 and a 200-day moving average of $2.57. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%. The company had revenue of $2.44 million during the quarter.

U.S. Global Investors Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.0075 per share. This represents a $0.09 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s dividend payout ratio (DPR) is currently 69.23%.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.