Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Update

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 215,500 shares, a growth of 191.6% from the August 31st total of 73,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 380,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 380,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Fury Gold Mines Price Performance

NYSEAMERICAN:FURY opened at $0.63 on Friday. The firm has a market capitalization of $108.96 million, a price-to-earnings ratio of -1.20 and a beta of 0.91. The company’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.49. Fury Gold Mines has a 1-year low of $0.35 and a 1-year high of $0.73.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.40 target price on shares of Fury Gold Mines in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Fury Gold Mines currently has an average rating of “Buy” and an average price target of $1.40.

Hedge Funds Weigh In On Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Bank of America Corp DE lifted its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 590.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 103,500 shares of the company’s stock after acquiring an additional 88,500 shares during the quarter. Bank of America Corp DE owned 0.06% of Fury Gold Mines worth $51,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.14% of the company’s stock.

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.