U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Large Growth in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,328 shares, an increase of 88.1% from the May 14th total of 2,832 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 25,837 shares, the days-to-cover ratio is currently 0.2 days.

Insider Transactions at U.S. Global Investors

In related news, insider Derek Steven Pilecki bought 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $2.59 per share, with a total value of $53,084.64. Following the completion of the transaction, the insider owned 1,121,263 shares in the company, valued at $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Gator Capital Management, Llc bought 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of $2.59 per share, for a total transaction of $53,084.64. Following the transaction, the insider owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. The trade was a 1.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors have recently bought and sold shares of GROW. MAI Capital Management acquired a new position in U.S. Global Investors during the third quarter worth approximately $102,000. Sandia Investment Management LP acquired a new position in U.S. Global Investors during the fourth quarter worth approximately $106,000. Citadel Advisors LLC increased its position in U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after buying an additional 14,938 shares during the last quarter. Dimensional Fund Advisors LP increased its position in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after buying an additional 5,056 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.96 on Monday. The stock’s 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.76. The company has a market cap of $36.70 million, a P/E ratio of 11.39 and a beta of 0.70. U.S. Global Investors has a 52-week low of $2.23 and a 52-week high of $3.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of U.S. Global Investors in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, U.S. Global Investors has a consensus rating of “Hold”.

U.S. Global Investors Company Profile

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.