GoldMining Inc. (NYSEAMERICAN:GLDG) Sees Significant Increase in Short Interest

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,190,000 shares, an increase of 9.0% from the December 15th total of 2,010,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 643,900 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on GoldMining from $5.25 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, December 5th.

Hedge Funds Weigh In On GoldMining

A number of hedge funds have recently added to or reduced their stakes in GLDG. Renaissance Technologies LLC grew its position in shares of GoldMining by 1,564.0% during the 2nd quarter. Renaissance Technologies LLC now owns 291,200 shares of the company’s stock worth $260,000 after buying an additional 273,700 shares in the last quarter. Van ECK Associates Corp grew its holdings in GoldMining by 0.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,153,369 shares of the company’s stock worth $8,968,000 after acquiring an additional 74,318 shares in the last quarter. Virtu Financial LLC bought a new position in GoldMining during the 3rd quarter worth about $32,000. SageView Advisory Group LLC purchased a new position in GoldMining during the 3rd quarter valued at about $76,000. Finally, Grimes & Company Inc. bought a new stake in shares of GoldMining in the 3rd quarter valued at about $32,000. 11.25% of the stock is currently owned by institutional investors.

GoldMining Trading Up 1.0 %

NYSEAMERICAN GLDG opened at $0.79 on Monday. GoldMining has a 12 month low of $0.75 and a 12 month high of $1.06. The stock has a market capitalization of $154.86 million, a PE ratio of -7.95 and a beta of 1.07.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.