Short Interest in Fury Gold Mines Limited (NYSEAMERICAN:FURY) Expands By 171.1%

Fury Gold Mines Limited (NYSEAMERICAN:FURY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 493,703 shares, a growth of 171.1% from the April 30th total of 182,104 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 370,223 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Several research analysts have commented on FURY shares. Zacks Research upgraded Fury Gold Mines to a “hold” rating in a report on Tuesday, April 7th. HC Wainwright increased their target price on Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Fury Gold Mines has an average rating of “Moderate Buy” and a consensus target price of $2.00.

Fury Gold Mines Price Performance

NYSEAMERICAN FURY traded up $0.01 during midday trading on Friday, hitting $0.58. 262,087 shares of the company traded hands, compared to its average volume of 290,778. The company has a market cap of $110.21 million, a PE ratio of -5.80 and a beta of 0.68. The company’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.63. Fury Gold Mines has a 52 week low of $0.40 and a 52 week high of $1.02.

Institutional Trading of Fury Gold Mines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Fury Gold Mines during the 4th quarter worth $41,000. Goldman Sachs Group Inc. purchased a new position in Fury Gold Mines during the 4th quarter worth $45,000. Bank of America Corp DE grew its stake in Fury Gold Mines by 590.0% during the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock worth $51,000 after buying an additional 88,500 shares during the last quarter. Virtu Financial LLC purchased a new position in Fury Gold Mines during the 3rd quarter worth $69,000. Finally, XTX Topco Ltd grew its stake in Fury Gold Mines by 256.4% during the 4th quarter. XTX Topco Ltd now owns 118,757 shares of the company’s stock worth $70,000 after buying an additional 85,437 shares during the last quarter. Institutional investors own 12.14% of the company’s stock.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.