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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 79,600 shares, a decline of 37.0% from the January 31st total of 126,300 shares. Based on an average daily volume of 135,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. raised its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,311,015 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Ashford Capital Management Inc. owned 2.18% of Fury Gold Mines worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Stock Down 0.3 %

Shares of FURY stock traded down $0.00 during trading hours on Tuesday, hitting $0.37. 3,585 shares of the company were exchanged, compared to its average volume of 148,679. The company has a market cap of $55.61 million, a price-to-earnings ratio of -6.10 and a beta of 1.02. Fury Gold Mines has a fifty-two week low of $0.35 and a fifty-two week high of $0.59.

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.