U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Up 163.4% in November

U.S. GoldMining Inc. (NASDAQ:USGO) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 61,900 shares, an increase of 163.4% from the November 15th total of 23,500 shares. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price objective on shares of U.S. GoldMining from $23.50 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

U.S. GoldMining Trading Down 4.9 %

Shares of U.S. GoldMining stock opened at $10.49 on Friday. U.S. GoldMining has a twelve month low of $5.00 and a twelve month high of $14.46. The business’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $7.52.

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.