Short Interest in U.S. GoldMining Inc. (NASDAQ:USGO) Grows By 163.4%

U.S. GoldMining Inc. (NASDAQ:USGO) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 61,900 shares, a growth of 163.4% from the November 15th total of 23,500 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 73,200 shares, the days-to-cover ratio is currently 0.8 days.

U.S. GoldMining Price Performance

Shares of USGO stock opened at $10.49 on Friday. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $7.52. U.S. GoldMining has a 52 week low of $5.00 and a 52 week high of $14.46.

Analyst Ratings Changes

Separately, HC Wainwright boosted their target price on U.S. GoldMining from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

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.