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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 67,569 shares, a growth of 48.9% from the February 26th total of 45,376 shares. Based on an average trading volume of 650,515 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Fury Gold Mines

A number of large investors have recently made changes to their positions in the stock. Virginia Wealth Management Group Inc. acquired a new stake in Fury Gold Mines during the 3rd quarter worth about $46,000. Jane Street Group LLC acquired a new position in shares of Fury Gold Mines in the fourth quarter valued at about $41,000. Goldman Sachs Group Inc. purchased a new position in shares of Fury Gold Mines in the fourth quarter worth about $45,000. Bank of America Corp DE lifted its holdings in shares of Fury Gold Mines by 590.0% during the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Fury Gold Mines in the third quarter valued at approximately $69,000. 12.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on shares of Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $2.00.

Fury Gold Mines Price Performance

FURY opened at $0.58 on Monday. The company has a market cap of $107.42 million, a P/E ratio of -1.09 and a beta of 0.66. The firm’s 50-day moving average price is $0.71 and its 200-day moving average price is $0.65. Fury Gold Mines has a 52-week low of $0.35 and a 52-week high of $1.02.

Fury Gold Mines Company Profile

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.