U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Large Growth in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 12,200 shares, a growth of 171.1% from the July 15th total of 4,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors at the end of the most recent reporting period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a research report on Thursday, August 8th. They set a “hold” rating on the stock.

U.S. Global Investors Stock Down 0.4 %

NASDAQ GROW traded down $0.01 on Thursday, reaching $2.58. The company had a trading volume of 26,027 shares, compared to its average volume of 28,960. The stock has a market capitalization of $35.90 million, a PE ratio of 21.50 and a beta of 1.79. U.S. Global Investors has a 12 month low of $2.47 and a 12 month high of $3.11. The firm’s 50 day moving average price is $2.60 and its 200 day moving average price is $2.66.

U.S. Global Investors Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.0075 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.49%. U.S. Global Investors’s dividend payout ratio (DPR) is 75.00%.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.