U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Up 864.2% in October

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 64,600 shares, an increase of 864.2% from the September 30th total of 6,700 shares. Based on an average daily volume of 29,500 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on U.S. Global Investors in a research note on Saturday, October 19th. They set a “hold” rating on the stock.

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW traded down $0.05 during trading on Friday, reaching $2.41. 88,753 shares of the stock were exchanged, compared to its average volume of 29,953. U.S. Global Investors has a 1-year low of $2.38 and a 1-year high of $3.11. The stock has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.60. The firm has a market cap of $32.97 million, a price-to-earnings ratio of 24.60 and a beta of 1.83.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. U.S. Global Investors had a net margin of 12.14% and a return on equity of 2.66%. The business had revenue of $2.44 million during the quarter.

U.S. Global Investors Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, December 16th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.73%. U.S. Global Investors’s dividend payout ratio is presently 90.00%.

About U.S. Global Investors

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.