Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Down 19.5% in November

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 100,500 shares, a drop of 19.5% from the November 15th total of 124,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 133,100 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. increased its holdings in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,111,015 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Ashford Capital Management Inc. owned approximately 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent SEC filing. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

Fury Gold Mines Stock Up 2.6 %

NYSEAMERICAN FURY traded up $0.01 on Monday, reaching $0.40. The company had a trading volume of 7,108 shares, compared to its average volume of 140,131. The company has a market capitalization of $60.62 million, a price-to-earnings ratio of -6.50 and a beta of 1.02. Fury Gold Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.59.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their target price on Fury Gold Mines from $1.90 to $2.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

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.