GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 2,170,000 shares, a drop of 10.3% from the January 15th total of 2,420,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 577,900 shares, the short-interest ratio is currently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GLDG. Van ECK Associates Corp lifted its stake 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. Sprott Inc. lifted its position in GoldMining by 270.9% during the 4th quarter. Sprott Inc. now owns 333,778 shares of the company’s stock worth $269,000 after acquiring an additional 243,778 shares in the last quarter. SageView Advisory Group LLC purchased a new position in GoldMining in the 3rd quarter worth approximately $76,000. Jacobi Capital Management LLC purchased a new position in GoldMining in the 4th quarter worth approximately $40,000. Finally, JPMorgan Chase & Co. acquired a new stake in GoldMining in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

GoldMining Price Performance

NYSEAMERICAN:GLDG traded up $0.02 on Tuesday, hitting $0.83. 428,155 shares of the stock were exchanged, compared to its average volume of 356,163. The firm has a market capitalization of $160.92 million, a PE ratio of -8.26 and a beta of 1.07. GoldMining has a fifty-two week low of $0.75 and a fifty-two week high of $1.06.

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.