GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Up 9.0% in December

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 2,190,000 shares, a growth of 9.0% from the December 15th total of 2,010,000 shares. Based on an average trading volume of 643,900 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price objective 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.

GoldMining Stock Up 1.0 %

Shares of GLDG stock opened at $0.79 on Tuesday. The firm has a market capitalization of $154.86 million, a price-to-earnings ratio of -7.95 and a beta of 1.07. GoldMining has a 52-week low of $0.75 and a 52-week high of $1.06.

Hedge Funds Weigh In On GoldMining

Several hedge funds have recently modified their holdings of the stock. Grimes & Company Inc. bought a new stake in shares of GoldMining in the third quarter worth about $32,000. Virtu Financial LLC bought a new stake in GoldMining in the 3rd quarter worth approximately $32,000. JPMorgan Chase & Co. bought a new position in shares of GoldMining during the 3rd quarter valued at approximately $42,000. SageView Advisory Group LLC bought a new position in shares of GoldMining during the 3rd quarter valued at approximately $76,000. Finally, Renaissance Technologies LLC boosted its position in shares of GoldMining by 1,564.0% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock valued at $260,000 after acquiring an additional 273,700 shares during the last quarter. Hedge funds and other institutional investors own 11.25% of the company’s stock.

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.