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

Key Points

• Short interest in Fury Gold Mines rose by 42.6% from March 15 to March 31 to 96,363 shares, roughly 0.1% of the float and a short‑interest ratio of 0.2 days based on average daily volume.
• Institutional investors increased stakes—XTX Topco raised its position by 256.4% to 118,757 shares and Bank of America boosted holdings by 590% to 103,500 shares—with institutions/hedge funds now owning about 12.14% of the stock.
• Analysts hold a consensus Moderate Buy rating with a $2.00 price target, while the stock traded at $0.62 (down 2.5%) and a market cap near $115.4 million.

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 96,363 shares, a growth of 42.6% from the March 15th total of 67,569 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 587,464 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Fury Gold Mines

Institutional investors have recently made changes to their positions in the stock. Virginia Wealth Management Group Inc. purchased a new stake in shares of Fury Gold Mines in the third quarter worth about $46,000. Jane Street Group LLC purchased a new stake in shares of Fury Gold Mines during the 4th quarter valued at about $41,000. Goldman Sachs Group Inc. acquired a new position in Fury Gold Mines during the 4th quarter worth approximately $45,000. XTX Topco Ltd lifted its position 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 acquiring an additional 85,437 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Fury Gold Mines by 590.0% in the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company's stock worth $51,000 after acquiring an additional 88,500 shares during the period. 12.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FURY has been the subject of a number of recent analyst reports. Zacks Research raised Fury Gold Mines to a "hold" rating in a report on Tuesday, April 7th. HC Wainwright increased their price target on shares of Fury Gold Mines from $1.40 to $2.00 and gave the company a "buy" rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Fury Gold Mines currently has an average rating of "Moderate Buy" and a consensus price target of $2.00.

Fury Gold Mines Stock Down 2.5%

Shares of FURY traded down $0.02 during trading hours on Thursday, reaching $0.62. 232,123 shares of the company traded hands, compared to its average volume of 386,908. The stock has a market capitalization of $115.39 million, a PE ratio of -12.38 and a beta of 0.78. The stock has a fifty day simple moving average of $0.66 and a 200 day simple moving average of $0.65. Fury Gold Mines has a fifty-two week low of $0.36 and a fifty-two week high of $1.02.

Fury Gold Mines Company Profile

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.

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