U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Update

U.S. GoldMining Inc. (NASDAQ:USGO) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 33,700 shares, a drop of 45.6% from the November 30th total of 61,900 shares. Based on an average daily trading volume, of 75,500 shares, the short-interest ratio is presently 0.4 days. Approximately 1.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, HC Wainwright upped their target price on U.S. GoldMining from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

U.S. GoldMining Stock Performance

U.S. GoldMining stock traded down $0.07 on Friday, hitting $8.62. 9,974 shares of the stock traded hands, compared to its average volume of 25,711. U.S. GoldMining has a 1 year low of $5.00 and a 1 year high of $14.46. The business’s fifty day simple moving average is $10.03 and its 200 day simple moving average is $7.69.

About U.S. GoldMining

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.