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

Fury Gold Mines Limited (NYSEAMERICAN:FURY - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 260,200 shares, a growth of 9.8% from the March 15th total of 236,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 133,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FURY. Ashford Capital Management Inc. raised its stake in Fury Gold Mines by 1.7% during the 4th quarter. Ashford Capital Management Inc. now owns 2,950,000 shares of the company's stock worth $1,494,000 after acquiring an additional 50,000 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Fury Gold Mines during the second quarter worth about $34,000. Two Sigma Securities LLC acquired a new stake in shares of Fury Gold Mines during the second quarter worth about $44,000. Renaissance Technologies LLC lifted its holdings in shares of Fury Gold Mines by 185.0% in the 2nd quarter. Renaissance Technologies LLC now owns 142,988 shares of the company's stock valued at $60,000 after purchasing an additional 92,811 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Fury Gold Mines by 8.0% in the 1st quarter. FMR LLC now owns 10,800,000 shares of the company's stock valued at $5,834,000 after purchasing an additional 800,000 shares during the last quarter. Hedge funds and other institutional investors own 12.14% of the company's stock.

Fury Gold Mines Stock Performance

Shares of FURY stock traded down $0.02 during trading hours on Monday, reaching $0.50. 255,439 shares of the stock were exchanged, compared to its average volume of 136,997. The firm has a market capitalization of $73.70 million, a price-to-earnings ratio of -5.05 and a beta of 1.13. Fury Gold Mines has a 12-month low of $0.31 and a 12-month high of $0.61.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and issued a $1.50 price target on shares of Fury Gold Mines in a research report on Tuesday, March 19th.

Fury Gold Mines Company Profile

Fury Gold Mines Limited, together with its subsidiaries, engages in the gold exploration company in Canada. It holds interest in the Eau Claire property located in the Eeyou Istchee James Bay Region of Northern Quebec; and the Committee Bay gold project located in the Kitikmeot Region of Nunavut. The company was formerly known as Auryn Resources Inc and changed its name to Fury Gold Mines Limited in October 2020.