U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Large Drop in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 6,258 shares, a decrease of 32.6% from the July 30th total of 9,286 shares. Based on an average daily trading volume, of 16,695 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

U.S. Global Investors Stock Down 3.9%

GROW stock opened at $3.23 on Thursday. The stock has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $2.94. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65. The firm has a market capitalization of $40.05 million, a PE ratio of 12.42 and a beta of 0.68.

U.S. Global Investors Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be given a $0.0075 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 14th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds and other institutional investors have recently modified their holdings of GROW. Citadel Advisors LLC raised its holdings in U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares during the last quarter. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the 4th quarter worth $106,000. Proficio Capital Partners LLC increased its position in shares of U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after acquiring an additional 10,785 shares during the period. Dimensional Fund Advisors LP increased its position in shares of U.S. Global Investors by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 5,056 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.