Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Decrease in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 194,800 shares, a decline of 6.2% from the September 15th total of 207,700 shares. Based on an average daily volume of 107,700 shares, the short-interest ratio is currently 1.8 days. Currently, 0.1% of the company’s shares are sold short.

Fury Gold Mines Price Performance

Shares of Fury Gold Mines stock opened at $0.46 on Friday. Fury Gold Mines has a 52 week low of $0.31 and a 52 week high of $0.59. The company has a market capitalization of $69.71 million, a PE ratio of -5.75 and a beta of 1.04.

Fury Gold Mines (NYSEAMERICAN:FURY) last announced its earnings results on Thursday, August 8th. The company reported ($0.02) EPS for the quarter. On average, equities research analysts predict that Fury Gold Mines will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Fury Gold Mines

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its stake in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,991,015 shares of the company’s stock after purchasing an additional 41,015 shares during the period. Ashford Capital Management Inc. owned 2.05% of Fury Gold Mines worth $1,256,000 at the end of the most recent quarter. 12.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price target on Fury Gold Mines from $1.80 to $1.90 and gave the stock a “buy” rating in a report on Thursday, August 29th.

About Fury Gold Mines

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.