U.S. GoldMining Inc. (NASDAQ:USGO) Sees Large Increase in Short Interest

U.S. GoldMining Inc. (NASDAQ:USGO) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,800 shares, a growth of 28.3% from the August 15th total of 5,300 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are sold short.

U.S. GoldMining Stock Up 4.8 %

USGO opened at $5.65 on Monday. The business has a 50-day moving average of $5.59 and a 200-day moving average of $5.84. U.S. GoldMining has a fifty-two week low of $4.91 and a fifty-two week high of $9.25.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $23.50 price target on shares of U.S. GoldMining in a research note on Thursday, September 5th.

U.S. GoldMining Company Profile

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.