GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Update

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

GoldMining Stock Up 4.9%

Shares of NYSEAMERICAN:GLDG opened at $1.50 on Monday. GoldMining has a 52-week low of $0.71 and a 52-week high of $2.27. The stock has a market cap of $320.64 million, a P/E ratio of -30.00 and a beta of 1.10. The business has a fifty day moving average of $1.48 and a two-hundred day moving average of $1.31.

Hedge Funds Weigh In On GoldMining

A number of institutional investors have recently bought and sold shares of GLDG. Thrivent Financial for Lutherans purchased a new stake in shares of GoldMining in the 3rd quarter valued at approximately $30,000. Financial Security Advisor Inc. lifted its holdings in GoldMining by 40.8% in the fourth quarter. Financial Security Advisor Inc. now owns 27,935 shares of the company’s stock valued at $35,000 after acquiring an additional 8,100 shares during the last quarter. Heritage Family Offices LLP acquired a new position in GoldMining in the third quarter valued at approximately $37,000. Themes Management Co LLC purchased a new position in GoldMining in the fourth quarter worth approximately $42,000. Finally, Sigma Planning Corp acquired a new stake in GoldMining during the fourth quarter worth $47,000. 11.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $2.80 target price on shares of GoldMining in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.28.

About GoldMining

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.