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

Key Points

• Fury Gold Mines Limited experienced a significant increase in short interest, rising by 303.8% in August, with total short interest reaching 73,900 shares as of August 31st.
• HC Wainwright reiterated a "buy" rating for the stock and set a target price of $1.40, reflecting a consensus rating of "Buy" among analysts.
• Bank of America Corp DE increased its stake in Fury Gold Mines by 590% during Q2, owning 103,500 shares after purchasing an additional 88,500 shares.

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 73,900 shares, an increase of 303.8% from the August 15th total of 18,300 shares. Based on an average daily trading volume, of 357,200 shares, the days-to-cover ratio is currently 0.2 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 357,200 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $1.40.

Hedge Funds Weigh In On Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Bank of America Corp DE raised its stake in Fury Gold Mines Limited (NYSEAMERICAN:FURY - Free Report) by 590.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,500 shares of the company's stock after purchasing an additional 88,500 shares during the period. Bank of America Corp DE owned 0.06% of Fury Gold Mines worth $51,000 at the end of the most recent quarter. Institutional investors and hedge funds own 12.14% of the company's stock.

Fury Gold Mines Stock Performance

FURY traded up $0.02 during trading on Friday, reaching $0.68. 119,394 shares of the stock were exchanged, compared to its average volume of 240,938. The stock has a market cap of $116.56 million, a P/E ratio of -1.28 and a beta of 0.83. Fury Gold Mines has a twelve month low of $0.35 and a twelve month high of $0.73. The stock's 50 day moving average price is $0.54 and its two-hundred day moving average price is $0.45.

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.

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