U.S. GoldMining Inc. (NASDAQ:USGO – Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 33,700 shares, a drop of 45.6% from the November 30th total of 61,900 shares. Based on an average daily trading volume, of 75,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.9% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, HC Wainwright lifted their price target on shares of U.S. GoldMining from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd.
Check Out Our Latest Report on U.S. GoldMining
U.S. GoldMining Trading Up 0.1 %
U.S. GoldMining Company Profile
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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