U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Update

by · The Cerbat Gem

U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 21,300 shares, a decline of 62.1% from the October 15th total of 56,200 shares. Based on an average daily trading volume, of 52,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.6% of the company’s stock are sold short.

U.S. GoldMining Stock Down 2.9 %

Shares of USGO traded down $0.25 during mid-day trading on Friday, hitting $8.25. 10,814 shares of the company’s stock were exchanged, compared to its average volume of 21,503. The stock’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $6.73. U.S. GoldMining has a 52 week low of $5.00 and a 52 week high of $14.46.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price objective on shares of U.S. GoldMining from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

Get Our Latest Stock Analysis on USGO

About U.S. GoldMining

(Get Free Report)

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.

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