U.S. GoldMining Inc. (NASDAQ:USGO) Sees Significant Drop in Short Interest

U.S. GoldMining Inc. (NASDAQ:USGO) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 33,700 shares, a decline 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. Currently, 1.9% of the company’s shares are short sold.

U.S. GoldMining Trading Down 0.8 %

USGO traded down $0.07 during midday trading on Friday, reaching $8.62. 9,974 shares of the company’s stock traded hands, compared to its average volume of 25,711. U.S. GoldMining has a 52 week low of $5.00 and a 52 week high of $14.46. The firm has a fifty day moving average of $10.03 and a two-hundred day moving average of $7.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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 report on Wednesday, October 2nd.

About U.S. GoldMining

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.