Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Declines By 10.3%

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,170,000 shares, a drop of 10.3% from the January 15th total of 2,420,000 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 577,900 shares, the days-to-cover ratio is presently 3.8 days.

GoldMining Stock Down 4.9 %

Shares of NYSEAMERICAN GLDG traded down $0.04 during mid-day trading on Monday, hitting $0.81. 400,727 shares of the stock traded hands, compared to its average volume of 333,190. GoldMining has a twelve month low of $0.75 and a twelve month high of $1.06. The company has a market cap of $156.99 million, a price-to-earnings ratio of -8.06 and a beta of 1.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLDG. Virtu Financial LLC acquired a new position in GoldMining in the 3rd quarter valued at approximately $32,000. Grimes & Company Inc. acquired a new position in shares of GoldMining in the third quarter worth approximately $32,000. Jacobi Capital Management LLC acquired a new position in shares of GoldMining in the 4th quarter worth approximately $40,000. JPMorgan Chase & Co. bought a new position in GoldMining during the third quarter worth $42,000. Finally, SageView Advisory Group LLC acquired a new position in GoldMining in the third quarter valued at $76,000. Institutional investors own 11.25% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright raised their price objective on GoldMining from $5.25 to $5.50 and gave the company a “buy” rating in a report on Thursday, December 5th.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.