Short Interest in GoldMining Inc. (NYSEAMERICAN:GLDG) Expands By 9.0%

GoldMining Inc. (NYSEAMERICAN:GLDG) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,190,000 shares, a growth of 9.0% from the December 31st total of 2,010,000 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 643,900 shares, the short-interest ratio is presently 3.4 days.

Hedge Funds Weigh In On GoldMining

A number of hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in shares of GoldMining by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 9,240,333 shares of the company’s stock worth $7,438,000 after purchasing an additional 86,964 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of GoldMining by 1,564.0% during the second quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock worth $260,000 after acquiring an additional 273,700 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of GoldMining in the 3rd quarter worth approximately $76,000. JPMorgan Chase & Co. purchased a new stake in GoldMining in the third quarter valued at approximately $42,000. Finally, Virtu Financial LLC bought a new position in shares of GoldMining during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.

GoldMining Trading Down 2.8 %

NYSEAMERICAN GLDG opened at $0.77 on Tuesday. GoldMining has a one year low of $0.75 and a one year high of $1.06.

Analyst Ratings Changes

Separately, HC Wainwright upped their price objective on GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Thursday, December 5th.

About GoldMining

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.