GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Down 10.3% in January

GoldMining Inc. (NYSEAMERICAN:GLDG) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,170,000 shares, a drop of 10.3% from the January 15th total of 2,420,000 shares. Based on an average daily trading volume, of 577,900 shares, the short-interest ratio is presently 3.8 days. Approximately 1.2% of the company’s stock are sold short.

GoldMining Price Performance

Shares of NYSEAMERICAN:GLDG traded down $0.04 during midday trading on Monday, hitting $0.81. 400,727 shares of the company’s stock were exchanged, compared to its average volume of 333,190. The company has a market cap of $156.99 million, a PE ratio of -8.06 and a beta of 1.07. GoldMining has a 12 month low of $0.75 and a 12 month high of $1.06.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped 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 and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in GoldMining in the 3rd quarter valued at $32,000. Grimes & Company Inc. purchased a new position in shares of GoldMining during the 3rd quarter valued at $32,000. Jacobi Capital Management LLC purchased a new stake in GoldMining in the 4th quarter worth about $40,000. JPMorgan Chase & Co. purchased a new position in GoldMining during the third quarter valued at approximately $42,000. Finally, SageView Advisory Group LLC purchased a new stake in GoldMining in the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 11.25% of the company’s stock.

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.