Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Large Decline in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 79,600 shares, a decrease of 37.0% from the January 31st total of 126,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 135,300 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, HC Wainwright cut their price objective on Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating for the company in a report on Tuesday, January 14th.

Institutional Trading of Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Sprott Inc. grew its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 924,064 shares of the company’s stock after purchasing an additional 55,485 shares during the period. Sprott Inc. owned about 0.61% of Fury Gold Mines worth $359,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.14% of the company’s stock.

Fury Gold Mines Stock Down 2.8 %

Shares of Fury Gold Mines stock opened at $0.36 on Friday. The firm has a market capitalization of $55.08 million, a PE ratio of -6.04 and a beta of 1.02. Fury Gold Mines has a fifty-two week low of $0.33 and a fifty-two week high of $0.59.

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.