Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Up 5.1% in January

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 94,500 shares, an increase of 5.1% from the December 31st total of 89,900 shares. Based on an average trading volume of 123,900 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 6.5 %

Shares of FURY opened at $0.38 on Monday. The firm has a market cap of $58.06 million, a PE ratio of -6.39 and a beta of 1.02. Fury Gold Mines has a one year low of $0.31 and a one year high of $0.59.

Fury Gold Mines (NYSEAMERICAN:FURY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.02) EPS for the quarter. Sell-side analysts anticipate that Fury Gold Mines will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their target price on 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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 3.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,111,015 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.14% of the company’s stock.

About Fury Gold Mines

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.