Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Large Decline in Short Interest

Posted by Erica Schwartz on Dec 14th, 2024

Fury Gold Mines Limited (NYSEAMERICAN:FURY – Get Free Report) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 100,500 shares, a decline of 19.5% from the November 15th total of 124,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 133,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Renaissance Technologies LLC increased its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY – Free Report) by 71.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,997 shares of the company’s stock after purchasing an additional 84,397 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Fury Gold Mines worth $79,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Trading Down 3.8 %

Shares of FURY stock traded down $0.02 during mid-day trading on Friday, reaching $0.39. The stock had a trading volume of 309,187 shares, compared to its average volume of 140,681. Fury Gold Mines has a one year low of $0.31 and a one year high of $0.59. The company has a market capitalization of $59.09 million, a P/E ratio of -6.50 and a beta of 1.02.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their price objective on shares of Fury Gold Mines from $1.90 to $2.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

Read Our Latest Stock Analysis on FURY

About Fury Gold Mines

(Get Free Report)

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.