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

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 881,615 shares, an increase of 79.4% from the May 31st total of 491,434 shares. Based on an average daily trading volume, of 303,575 shares, the short-interest ratio is presently 2.9 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Fury Gold Mines

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Fury Gold Mines during the 4th quarter worth about $41,000. Goldman Sachs Group Inc. purchased a new position in shares of Fury Gold Mines in the fourth quarter worth about $45,000. Bank of America Corp DE raised its stake in shares of Fury Gold Mines by 590.0% in the second quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after purchasing an additional 88,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Fury Gold Mines during the third quarter worth about $69,000. Finally, XTX Topco Ltd lifted its holdings in shares of Fury Gold Mines by 256.4% during the fourth quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock worth $70,000 after purchasing an additional 85,437 shares during the period. 12.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FURY has been the subject of a number of analyst reports. Zacks Research raised shares of Fury Gold Mines to a “hold” rating in a research report on Tuesday, April 7th. HC Wainwright upped their price target on Fury Gold Mines from $1.40 to $2.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.00.

Fury Gold Mines Price Performance

Shares of Fury Gold Mines stock opened at $0.54 on Friday. The firm has a market capitalization of $102.66 million, a P/E ratio of -5.40 and a beta of 0.71. The company has a 50 day moving average price of $0.56 and a 200 day moving average price of $0.63. Fury Gold Mines has a 52 week low of $0.46 and a 52 week high of $1.02.

Fury Gold Mines Company Profile

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.