Short Interest in U.S. GoldMining Inc. (NASDAQ:USGO) Rises By 47.8%

U.S. GoldMining Inc. (NASDAQ:USGO) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 39,600 shares, a growth of 47.8% from the January 31st total of 26,800 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 52,900 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $26.50 price objective on shares of U.S. GoldMining in a report on Tuesday, February 4th.

U.S. GoldMining Trading Down 2.4 %

Shares of NASDAQ USGO opened at $10.13 on Tuesday. U.S. GoldMining has a twelve month low of $5.00 and a twelve month high of $14.46. The business has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $8.98.

Institutional Investors Weigh In On U.S. GoldMining

A number of institutional investors have recently made changes to their positions in USGO. Renaissance Technologies LLC bought a new stake in shares of U.S. GoldMining in the 4th quarter valued at approximately $91,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of U.S. GoldMining in the 4th quarter valued at approximately $112,000. OMERS ADMINISTRATION Corp bought a new stake in shares of U.S. GoldMining in the 4th quarter valued at approximately $116,000. Northern Trust Corp increased its holdings in shares of U.S. GoldMining by 124.4% in the 4th quarter. Northern Trust Corp now owns 27,080 shares of the company’s stock valued at $233,000 after acquiring an additional 15,011 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of U.S. GoldMining in the 4th quarter valued at approximately $267,000. 0.49% of the stock is currently owned by institutional investors.

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.