Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Update

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 73,000 shares, a drop of 36.8% from the April 30th total of 115,500 shares. Based on an average trading volume of 149,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Fury Gold Mines Trading Up 9.9%

Fury Gold Mines stock traded up $0.04 during trading hours on Monday, reaching $0.45. 409,115 shares of the company were exchanged, compared to its average volume of 138,182. The firm has a market cap of $67.77 million, a price-to-earnings ratio of -7.43 and a beta of 1.02. The stock has a 50-day moving average of $0.38 and a 200 day moving average of $0.40. Fury Gold Mines has a 12 month low of $0.35 and a 12 month high of $0.51.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. boosted its holdings in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,650,015 shares of the company's stock after buying an additional 339,000 shares during the period. Ashford Capital Management Inc. owned approximately 2.40% of Fury Gold Mines worth $1,442,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

Fury Gold Mines Company Profile

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.