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

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 113,800 shares, an increase of 55.9% from the May 15th total of 73,000 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 211,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Fury Gold Mines

A hedge fund recently raised its stake in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,650,015 shares of the company's stock after acquiring an additional 339,000 shares during the period. Ashford Capital Management Inc. owned approximately 2.40% of Fury Gold Mines worth $1,442,000 at the end of the most recent reporting period. Institutional investors own 12.14% of the company's stock.

Fury Gold Mines Stock Up 1.6%

FURY stock traded up $0.01 during midday trading on Friday, hitting $0.53. 162,827 shares of the company traded hands, compared to its average volume of 146,739. Fury Gold Mines has a twelve month low of $0.35 and a twelve month high of $0.56. The business has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.40. The stock has a market capitalization of $80.29 million, a price-to-earnings ratio of -8.81 and a beta of 1.02.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of Fury Gold Mines from $1.10 to $1.20 and gave the stock a "buy" rating in a research report on Monday, April 21st.

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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