Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Expands By 171.1%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 493,703 shares, a growth of 171.1% from the April 30th total of 182,104 shares. Based on an average daily trading volume, of 370,223 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FURY shares. HC Wainwright boosted their price objective on shares of Fury Gold Mines from $1.40 to $2.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Zacks Research upgraded shares of Fury Gold Mines to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2.00.

Fury Gold Mines Stock Performance

NYSEAMERICAN:FURY opened at $0.58 on Monday. The firm has a market cap of $110.21 million, a price-to-earnings ratio of -5.80 and a beta of 0.68. The company’s 50-day moving average is $0.59 and its two-hundred day moving average is $0.63. Fury Gold Mines has a 12-month low of $0.40 and a 12-month high of $1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd increased its stake in shares of Fury Gold Mines by 256.4% during the 4th quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock valued at $70,000 after acquiring an additional 85,437 shares during the last quarter. Caisse de depot et placement du Quebec increased its stake in shares of Fury Gold Mines by 98.8% during the 4th quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock valued at $1,777,000 after acquiring an additional 1,494,253 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Fury Gold Mines by 35.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock valued at $752,000 after acquiring an additional 334,385 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Fury Gold Mines during the 3rd quarter valued at about $69,000. Finally, Bank of America Corp DE increased its stake in shares of Fury Gold Mines by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock valued at $904,000 after acquiring an additional 104,900 shares during the last quarter. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

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.