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

U.S. GoldMining Inc. (NASDAQ:USGO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,800 shares, an increase of 28.6% from the June 15th total of 1,400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on U.S. GoldMining from $23.00 to $23.50 and gave the company a “buy” rating in a research note on Wednesday, June 5th.

U.S. GoldMining Stock Performance

USGO traded down $0.01 during trading hours on Friday, hitting $6.10. 14,592 shares of the stock were exchanged, compared to its average volume of 8,102. The stock has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $6.06. U.S. GoldMining has a 12 month low of $4.91 and a 12 month high of $13.98.

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.