GoldMining Inc. (NYSEAMERICAN:GLDG) Short Interest Up 32.9% in February

GoldMining Inc. (NYSEAMERICAN:GLDG) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,110,223 shares, a growth of 32.9% from the January 29th total of 2,340,362 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 5,453,140 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 5,453,140 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.5% of the company’s stock are short sold.

GoldMining Price Performance

Shares of NYSEAMERICAN GLDG traded up $0.01 during mid-day trading on Monday, reaching $1.72. 2,456,912 shares of the company’s stock traded hands, compared to its average volume of 5,474,917. The business has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.37. The stock has a market cap of $367.67 million, a P/E ratio of -34.40 and a beta of 1.10. GoldMining has a 1-year low of $0.71 and a 1-year high of $2.27.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and set a $2.80 price objective on shares of GoldMining in a research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.28.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLDG. Trek Financial LLC bought a new stake in GoldMining during the fourth quarter worth $3,192,000. Millennium Management LLC lifted its stake in GoldMining by 1,840.6% during the 4th quarter. Millennium Management LLC now owns 1,828,678 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,734,445 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in GoldMining by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 816,996 shares of the company’s stock worth $1,021,000 after acquiring an additional 107,605 shares during the last quarter. Jane Street Group LLC grew its stake in shares of GoldMining by 350.5% in the 4th quarter. Jane Street Group LLC now owns 751,505 shares of the company’s stock worth $939,000 after acquiring an additional 584,705 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of GoldMining by 396.0% in the 2nd quarter. Marshall Wace LLP now owns 464,140 shares of the company’s stock worth $334,000 after acquiring an additional 370,556 shares in the last quarter. Institutional investors own 11.25% of the company’s stock.

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.