Short Interest in U.S. GoldMining Inc. (NASDAQ:USGO) Increases By 63.6%

U.S. GoldMining Inc. (NASDAQ:USGO - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 57,900 shares, a growth of 63.6% from the March 15th total of 35,400 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 52,300 shares, the short-interest ratio is presently 1.1 days.

U.S. GoldMining Stock Down 1.2 %

U.S. GoldMining stock traded down $0.13 during trading hours on Tuesday, hitting $10.13. The company had a trading volume of 8,344 shares, compared to its average volume of 48,906. The firm has a 50-day moving average of $10.06 and a 200 day moving average of $9.92. U.S. GoldMining has a one year low of $5.00 and a one year high of $14.46.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and set a $26.50 target price on shares of U.S. GoldMining in a report on Tuesday, February 4th.

Institutional Investors Weigh In On U.S. GoldMining

A number of hedge funds and other institutional investors have recently modified their holdings of USGO. Geode Capital Management LLC raised its stake in U.S. GoldMining by 38.5% in the 4th quarter. Geode Capital Management LLC now owns 31,196 shares of the company's stock worth $269,000 after purchasing an additional 8,667 shares in the last quarter. 683 Capital Management LLC acquired a new position in U.S. GoldMining in the 4th quarter valued at $267,000. Northern Trust Corp grew its holdings in shares of U.S. GoldMining by 124.4% during the 4th quarter. Northern Trust Corp now owns 27,080 shares of the company's stock worth $233,000 after purchasing an additional 15,011 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in U.S. GoldMining during the fourth quarter worth about $116,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in U.S. GoldMining during the fourth quarter worth about $112,000. Institutional investors and hedge funds own 0.49% of the company's stock.

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.