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

U.S. GoldMining Inc. (NASDAQ:USGO) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,800 shares, an increase of 28.3% from the August 15th total of 5,300 shares. Based on an average trading volume of 8,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are sold short.

U.S. GoldMining Price Performance

USGO stock opened at $5.65 on Friday. The company’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.83. U.S. GoldMining has a 12 month low of $4.91 and a 12 month high of $9.25.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $23.50 price target on shares of U.S. GoldMining in a research report on Thursday, September 5th.

About U.S. GoldMining

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.