Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Increases By 37.6%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 109,500 shares, an increase of 37.6% from the February 13th total of 79,600 shares. Based on an average daily trading volume, of 140,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Sprott Inc. lifted its holdings in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 6.4% during the 4th quarter, according to its most recent disclosure 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 quarter. Sprott Inc. owned about 0.61% of Fury Gold Mines worth $359,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.14% of the company’s stock.

Fury Gold Mines Price Performance

NYSEAMERICAN:FURY traded up $0.01 during trading hours on Tuesday, hitting $0.41. The company’s stock had a trading volume of 83,121 shares, compared to its average volume of 147,576. The company has a 50-day moving average price of $0.38. The firm has a market capitalization of $62.60 million, a P/E ratio of -6.87 and a beta of 1.02. Fury Gold Mines has a 52-week low of $0.35 and a 52-week high of $0.59.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price objective on shares of Fury Gold Mines from $2.00 to $1.10 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

About Fury Gold Mines

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.