U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

Posted by Stephan Jacobs on Sep 16th, 2024

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 11,400 shares, a growth of 32.6% from the August 15th total of 8,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on U.S. Global Investors in a research report on Monday, September 9th. They issued a “hold” rating for the company.

Check Out Our Latest Report on GROW

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new position in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent SEC filing. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Stock Performance

Shares of U.S. Global Investors stock remained flat at $2.58 on Monday. The stock had a trading volume of 44,301 shares, compared to its average volume of 27,872. The firm has a market capitalization of $35.90 million, a price-to-earnings ratio of 21.50 and a beta of 1.83. The firm’s 50-day simple moving average is $2.59 and its 200-day simple moving average is $2.64. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.11.

U.S. Global Investors Company Profile

(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.