Fury Gold Mines Limited (NYSEAMERICAN:FURY) Sees Significant Increase in Short Interest

Fury Gold Mines Limited (NYSEAMERICAN:FURY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 881,615 shares, an increase of 79.4% from the May 31st total of 491,434 shares. Based on an average daily volume of 303,575 shares, the short-interest ratio is presently 2.9 days. Approximately 0.5% of the shares of the company are sold short.

Fury Gold Mines Stock Down 3.5%

Shares of NYSEAMERICAN:FURY opened at $0.52 on Thursday. The company has a market capitalization of $99.05 million, a P/E ratio of -5.21 and a beta of 0.71. Fury Gold Mines has a 52-week low of $0.46 and a 52-week high of $1.02. The stock’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.63.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FURY. Caisse de depot et placement du Quebec raised its stake in Fury Gold Mines by 98.8% during the fourth quarter. Caisse de depot et placement du Quebec now owns 3,006,494 shares of the company’s stock worth $1,777,000 after acquiring an additional 1,494,253 shares during the period. U S Global Investors Inc. bought a new position in shares of Fury Gold Mines during the first quarter valued at approximately $214,000. Renaissance Technologies LLC grew its holdings in shares of Fury Gold Mines by 35.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,274,885 shares of the company’s stock valued at $752,000 after purchasing an additional 334,385 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Fury Gold Mines during the third quarter valued at approximately $69,000. Finally, Bank of America Corp DE raised its position in shares of Fury Gold Mines by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,484,863 shares of the company’s stock worth $904,000 after purchasing an additional 104,900 shares during the period. 12.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on FURY shares. Zacks Research raised shares of Fury Gold Mines to a “hold” rating in a report on Tuesday, April 7th. HC Wainwright lifted their price objective on Fury Gold Mines from $1.40 to $2.00 and gave the company a “buy” rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.00.

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.