GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 2,100,000 shares, a drop of 11.0% from the July 15th total of 2,360,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 431,200 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Investors Weigh In On GoldMining

An institutional investor recently raised its position in GoldMining stock. Renaissance Technologies LLC increased its position in GoldMining Inc. (NYSEAMERICAN:GLDG) by 1,564.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,200 shares of the company’s stock after acquiring an additional 273,700 shares during the quarter. Renaissance Technologies LLC owned about 0.15% of GoldMining worth $260,000 at the end of the most recent quarter. 11.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their price target on shares of GoldMining from $4.50 to $5.25 and gave the company a “buy” rating in a research report on Friday, May 31st.

GoldMining Stock Up 1.1 %

Shares of GLDG stock opened at $0.81 on Monday. GoldMining has a 52 week low of $0.75 and a 52 week high of $1.08. The firm has a market capitalization of $153.35 million, a P/E ratio of -8.04 and a beta of 1.10.

GoldMining (NYSEAMERICAN:GLDG) last announced its quarterly earnings data on Friday, July 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Sell-side analysts anticipate that GoldMining will post -0.08 EPS for the current fiscal year.

GoldMining Company Profile

GoldMining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of gold assets in the Americas. It also operates a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's principal projects include La Mina Gold Project and Titiribi Gold-Copper Project located in Colombia; Whistler Gold-Copper Project located in Alaska, the United States; and São Jorge Gold Project located in the State of Pará, Brazil.