U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large growth in short interest in the month of 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. Based on an average trading volume of 27,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

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 purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors as of its most recent SEC filing. 23.62% of the stock is owned by institutional investors and hedge funds.

U.S. Global Investors Price Performance

NASDAQ GROW traded down $0.01 on Thursday, hitting $2.58. 26,027 shares of the company’s stock were exchanged, compared to its average volume of 28,960. The firm has a market cap of $35.90 million, a price-to-earnings ratio of 21.50 and a beta of 1.79. The firm’s 50-day moving average price is $2.60 and its two-hundred day moving average price is $2.66. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.11.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, September 16th. U.S. Global Investors’s payout ratio is 75.00%.

Wall Street Analysts Forecast Growth

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

U.S. Global Investors Company Profile

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.