Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Growth in Short Interest

Key Points

• Fury Gold Mines Limited experienced a 191.6% increase in short interest in September, reaching 215,500 shares, with a days-to-cover ratio of 0.6 days.
• Bank of America Corp DE significantly raised its stake in Fury Gold Mines by 590%, acquiring an additional 88,500 shares, and now owns 0.06% of the company.
• The stock is currently trading at $0.63, down 5.6%, with a market cap of $108.04 million and a PE ratio of -1.19.

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 215,500 shares, an increase of 191.6% from the August 31st total of 73,900 shares. Based on an average daily trading volume, of 380,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 380,700 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a "buy" rating and set a $1.40 target price on shares of Fury Gold Mines in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $1.40.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fury Gold Mines stock. Bank of America Corp DE lifted its position in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 590.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,500 shares of the company's stock after acquiring an additional 88,500 shares during the period. Bank of America Corp DE owned 0.06% of Fury Gold Mines worth $51,000 as of its most recent SEC filing. 12.14% of the stock is owned by hedge funds and other institutional investors.

Fury Gold Mines Trading Down 5.6%

NYSEAMERICAN FURY opened at $0.63 on Friday. The stock has a 50-day moving average of $0.58 and a 200-day moving average of $0.49. The firm has a market cap of $108.04 million, a PE ratio of -1.19 and a beta of 0.91. Fury Gold Mines has a 1-year low of $0.35 and a 1-year high of $0.73.

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.

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