GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,340,362 shares, an increase of 70.8% from the January 15th total of 1,370,587 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 9,593,939 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 9,593,939 shares, the short-interest ratio is presently 0.2 days. Approximately 1.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $2.80 price target on shares of GoldMining in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.28.

Hedge Funds Weigh In On GoldMining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new position in shares of GoldMining in the third quarter valued at $30,000. Financial Security Advisor Inc. boosted its position in shares of GoldMining by 40.8% in the 4th quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock worth $35,000 after buying an additional 8,100 shares in the last quarter. Heritage Family Offices LLP acquired a new stake in GoldMining in the 3rd quarter valued at about $37,000. Themes Management Co LLC purchased a new position in GoldMining during the 4th quarter valued at about $42,000. Finally, Sigma Planning Corp acquired a new position in GoldMining during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 11.25% of the company’s stock.

GoldMining Stock Performance

GLDG stock opened at $1.50 on Friday. The stock has a market capitalization of $320.64 million, a PE ratio of -30.00 and a beta of 1.10. The company has a fifty day moving average of $1.48 and a 200-day moving average of $1.30. GoldMining has a one year low of $0.71 and a one year high of $2.27.

GoldMining Company Profile

GoldMining Inc is a Canada-based mineral exploration and development company focused on the acquisition and advancement of precious metal projects in the Americas. Publicly traded on the NYSE American under the symbol GLDG, the company targets high-quality gold assets with the potential for significant resource expansion. GoldMining seeks to identify projects at various stages, from early exploration to advanced development, and apply systematic drilling and metallurgical testing to enhance their economic prospects.

The company’s portfolio encompasses a diversified suite of properties across North and South America.