Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Expands By 864.2%

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 64,600 shares, an increase of 864.2% from the September 30th total of 6,700 shares. Based on an average daily trading volume, of 29,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the company’s stock are sold short.

U.S. Global Investors Trading Down 1.8 %

GROW stock traded down $0.04 during trading hours on Friday, hitting $2.42. 89,253 shares of the stock were exchanged, compared to its average volume of 29,953. The firm has a market capitalization of $33.04 million, a P/E ratio of 24.15 and a beta of 1.83. The company has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $2.60. U.S. Global Investors has a 12 month low of $2.38 and a 12 month high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The firm had revenue of $2.44 million for the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, December 16th. U.S. Global Investors’s payout ratio is 90.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on U.S. Global Investors in a report on Saturday, October 19th. They issued a “hold” rating for the company.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.