Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Grows By 44.9%

Posted by James Quigley on Nov 17th, 2024

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 93,600 shares, an increase of 44.9% from the October 15th total of 64,600 shares. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.9% of the shares of the stock are short sold.

U.S. Global Investors Price Performance

NASDAQ GROW remained flat at $2.40 during trading on Friday. The company’s stock had a trading volume of 32,897 shares, compared to its average volume of 79,633. The firm has a market capitalization of $32.77 million, a P/E ratio of 18.42 and a beta of 1.85. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $3.11. The company has a 50-day moving average of $2.49 and a 200-day moving average of $2.57.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The company had revenue of $2.44 million for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.0075 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is 69.23%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a report on Tuesday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Report on U.S. Global Investors

About U.S. Global Investors

(Get Free Report)

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.