Fury Gold Mines Limited (NYSEAMERICAN:FURY) Short Interest Down 91.1% in December

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 99,769 shares, a decrease of 91.1% from the December 15th total of 1,116,173 shares. Based on an average trading volume of 460,220 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 460,220 shares, the days-to-cover ratio is currently 0.2 days.

Fury Gold Mines Price Performance

Shares of NYSEAMERICAN:FURY traded up $0.12 on Wednesday, reaching $0.70. The company’s stock had a trading volume of 3,462,497 shares, compared to its average volume of 511,446. Fury Gold Mines has a 52-week low of $0.35 and a 52-week high of $0.89. The stock’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Wealth Management Group Inc. acquired a new position in shares of Fury Gold Mines in the third quarter valued at approximately $46,000. Bank of America Corp DE grew its position in Fury Gold Mines by 590.0% in the 2nd quarter. Bank of America Corp DE now owns 103,500 shares of the company’s stock valued at $51,000 after buying an additional 88,500 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Fury Gold Mines in the 3rd quarter valued at $69,000. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $1.40 price target on shares of Fury Gold Mines in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1.40.

About Fury Gold Mines

Fury Gold Mines Inc is a Canadian-based mineral exploration and development company focused on identifying, acquiring and advancing high-quality gold projects in Canada. The company employs modern exploration techniques, including detailed geological modeling and systematic drilling programs, to define and expand mineral resources in established mining districts.

Fury Gold Mines’ flagship asset is the Eau Claire gold project, located approximately 20 kilometres west of Val-d’Or in the prolific Abitibi greenstone belt of Quebec.