Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Expands By 5.1%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 94,500 shares, an increase of 5.1% from the December 15th total of 89,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 123,900 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their target price 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.

Fury Gold Mines Stock Performance

Fury Gold Mines stock opened at $0.37 on Wednesday. The company has a market cap of $55.79 million, a P/E ratio of -6.14 and a beta of 1.02. Fury Gold Mines has a 1-year low of $0.31 and a 1-year high of $0.59.

Fury Gold Mines (NYSEAMERICAN:FURY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter. Research analysts expect that Fury Gold Mines will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,111,015 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.14% of the company’s stock.

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.