Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Growth in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 94,500 shares, a growth of 5.1% from the December 31st total of 89,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 123,900 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price target on shares of Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Hedge Funds Weigh In On Fury Gold Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashford Capital Management Inc. lifted its holdings in shares of Fury Gold Mines by 3.3% during the 3rd quarter. Ashford Capital Management Inc. now owns 3,111,015 shares of the company’s stock valued at $1,354,000 after purchasing an additional 100,000 shares during the last quarter. Sprott Inc. raised its stake in Fury Gold Mines by 6.4% in the fourth quarter. Sprott Inc. now owns 924,064 shares of the company’s stock valued at $359,000 after buying an additional 55,485 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Fury Gold Mines by 71.2% in the second quarter. Renaissance Technologies LLC now owns 202,997 shares of the company’s stock worth $79,000 after acquiring an additional 84,397 shares in the last quarter. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Trading Up 6.0 %

Shares of NYSEAMERICAN:FURY opened at $0.40 on Wednesday. The company has a market capitalization of $60.17 million, a P/E ratio of -6.62 and a beta of 1.02. Fury Gold Mines has a 52-week low of $0.31 and a 52-week high of $0.59.

Fury Gold Mines (NYSEAMERICAN:FURY) last issued its earnings results on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Fury Gold Mines will post -0.06 earnings per share for the current fiscal year.

About Fury Gold Mines

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.