Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Grows By 88.1%
by Doug Wharley · The Cerbat GemU.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 5,328 shares, a growth of 88.1% from the May 14th total of 2,832 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 25,837 shares, the short-interest ratio is presently 0.2 days.
Insider Activity at U.S. Global Investors
In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc acquired 23,910 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. The trade was a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Derek Steven Pilecki acquired 23,910 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $2.55 per share, with a total value of $60,970.50. Following the completion of the transaction, the insider directly owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 118,238 shares of company stock valued at $304,576 over the last quarter. 19.19% of the stock is currently owned by company insiders.
Institutional Trading of U.S. Global Investors
Hedge funds have recently modified their holdings of the stock. CWA Asset Management Group LLC raised its stake in shares of U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after acquiring an additional 168,176 shares in the last quarter. Gator Capital Management LLC raised its stake in shares of U.S. Global Investors by 2.4% in the third quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock valued at $1,927,000 after acquiring an additional 16,661 shares in the last quarter. MAI Capital Management acquired a new stake in shares of U.S. Global Investors in the third quarter valued at $102,000. Renaissance Technologies LLC raised its stake in shares of U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Sandia Investment Management LP acquired a new stake in shares of U.S. Global Investors in the fourth quarter valued at $106,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.
U.S. Global Investors Price Performance
Shares of NASDAQ GROW traded down $0.08 during mid-day trading on Tuesday, hitting $2.91. The company had a trading volume of 28,162 shares, compared to its average volume of 45,806. The company has a market capitalization of $36.08 million, a PE ratio of 11.19 and a beta of 0.70. U.S. Global Investors has a 1-year low of $2.23 and a 1-year high of $3.65. The business’s 50-day simple moving average is $2.65 and its 200 day simple moving average is $2.76.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of U.S. Global Investors in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on GROW
About U.S. Global Investors
U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.
The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.