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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 109,500 shares, an increase of 37.6% from the February 13th total of 79,600 shares. Based on an average daily trading volume, of 140,500 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Fury Gold Mines Trading Down 0.5 %

Shares of NYSEAMERICAN:FURY traded down $0.00 during midday trading on Friday, hitting $0.40. The stock had a trading volume of 127,612 shares, compared to its average volume of 143,661. Fury Gold Mines has a 12 month low of $0.35 and a 12 month high of $0.59. The business has a 50-day moving average of $0.38. The firm has a market capitalization of $61.52 million, a P/E ratio of -6.75 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their target price on shares of Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating for the company in a research note on Tuesday, January 14th.

Hedge Funds Weigh In On Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Sprott Inc. boosted its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 924,064 shares of the company’s stock after purchasing an additional 55,485 shares during the quarter. Sprott Inc. owned about 0.61% of Fury Gold Mines worth $359,000 at the end of the most recent reporting period. Institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Company Profile

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.