U.S. GoldMining Inc. (NASDAQ:USGO) Short Interest Update

U.S. GoldMining Inc. (NASDAQ:USGO) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,900 shares, an increase of 70.6% from the July 15th total of 1,700 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

U.S. GoldMining Stock Down 1.1 %

Shares of USGO traded down $0.06 during trading hours on Thursday, reaching $5.19. The stock had a trading volume of 699 shares, compared to its average volume of 8,098. U.S. GoldMining has a 12 month low of $4.91 and a 12 month high of $10.26. The company’s 50-day moving average is $5.93 and its two-hundred day moving average is $5.91.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their price objective on shares of U.S. GoldMining from $23.00 to $23.50 and gave the company a “buy” rating in a research note on Wednesday, June 5th.

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.