GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 3,110,223 shares, an increase of 32.9% from the January 29th total of 2,340,362 shares. Based on an average daily volume of 5,453,140 shares, the short-interest ratio is currently 0.6 days. Approximately 1.5% of the company’s stock are short sold. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 5,453,140 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and issued a $2.80 price target on shares of GoldMining in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, GoldMining has an average rating of “Moderate Buy” and a consensus price target of $3.28.

GoldMining Stock Performance

NYSEAMERICAN GLDG remained flat at $1.63 during trading on Wednesday. The company’s stock had a trading volume of 1,629,686 shares, compared to its average volume of 5,332,407. The business’s 50 day moving average is $1.55 and its 200 day moving average is $1.38. The firm has a market cap of $348.43 million, a price-to-earnings ratio of -32.60 and a beta of 1.10. GoldMining has a 52 week low of $0.71 and a 52 week high of $2.27.

Institutional Trading of GoldMining

Hedge funds have recently bought and sold shares of the stock. Trek Financial LLC bought a new position in shares of GoldMining during the 4th quarter worth about $3,192,000. Millennium Management LLC grew its position in GoldMining by 1,840.6% during the fourth quarter. Millennium Management LLC now owns 1,828,678 shares of the company’s stock worth $2,286,000 after buying an additional 1,734,445 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in GoldMining by 15.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 816,996 shares of the company’s stock valued at $1,021,000 after acquiring an additional 107,605 shares during the period. Jane Street Group LLC lifted its position in GoldMining by 350.5% in the fourth quarter. Jane Street Group LLC now owns 751,505 shares of the company’s stock worth $939,000 after purchasing an additional 584,705 shares during the period. Finally, Marshall Wace LLP lifted its position in GoldMining by 396.0% in the second quarter. Marshall Wace LLP now owns 464,140 shares of the company’s stock worth $334,000 after purchasing an additional 370,556 shares during the period. 11.25% of the stock is owned by institutional investors.

GoldMining Company Profile

GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.

The company’s portfolio encompasses a diversified suite of properties across North and South America.