U.S. GoldMining Inc. (NASDAQ:USGO) Sees Significant Drop in Short Interest

U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 7,900 shares, a decrease of 24.8% from the March 15th total of 10,500 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On U.S. GoldMining

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of U.S. GoldMining during the second quarter worth approximately $61,000. Northern Trust Corp bought a new position in shares of U.S. GoldMining during the fourth quarter worth approximately $108,000. Vanguard Group Inc. acquired a new stake in U.S. GoldMining during the third quarter worth approximately $140,000. Finally, Geode Capital Management LLC acquired a new stake in U.S. GoldMining during the second quarter worth approximately $227,000. Institutional investors own 0.49% of the company's stock.

U.S. GoldMining Price Performance

NASDAQ:USGO traded up $0.02 on Friday, hitting $7.03. The company's stock had a trading volume of 22,408 shares, compared to its average volume of 6,689. The stock has a fifty day moving average of $5.82 and a two-hundred day moving average of $6.49. U.S. GoldMining has a one year low of $4.91 and a one year high of $17.24.

U.S. GoldMining Company Profile

U.S. GoldMining Inc, an exploration stage company, engages in the exploration and development of mineral properties in the United States. The company's primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising mining claims totaling 53,700 acres located in Yentna Mining District, Alaska.