Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Large Drop in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 365,100 shares, a decline of 8.2% from the June 30th total of 397,900 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 179,200 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fury Gold Mines stock. Ashford Capital Management Inc. lifted its position in shares of Fury Gold Mines Limited (NYSEAMERICAN:FURY) by 1.4% in the first 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 buying an additional 41,015 shares during the period. Ashford Capital Management Inc. owned approximately 2.05% of Fury Gold Mines worth $1,256,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.14% of the company’s stock.

Fury Gold Mines Stock Performance

FURY traded down $0.02 during trading on Thursday, hitting $0.38. The company’s stock had a trading volume of 48,185 shares, compared to its average volume of 151,548. The company has a market capitalization of $58.01 million, a PE ratio of -4.88 and a beta of 1.05. Fury Gold Mines has a twelve month low of $0.31 and a twelve month high of $0.59.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price target on Fury Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a report on Thursday, May 23rd.

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.