Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Expands By 44.9%

Posted by Brian Himes on Nov 16th, 2024

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 93,600 shares, an increase of 44.9% from the October 15th total of 64,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 45,200 shares, the days-to-cover ratio is currently 2.1 days.

U.S. Global Investors Stock Performance

U.S. Global Investors stock remained flat at $2.40 during midday trading on Friday. 32,897 shares of the company were exchanged, compared to its average volume of 79,633. The company has a market capitalization of $32.77 million, a price-to-earnings ratio of 18.42 and a beta of 1.85. U.S. Global Investors has a 12 month low of $2.38 and a 12 month high of $3.11. The stock has a 50-day simple moving average of $2.49 and a two-hundred day simple moving average of $2.57.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last released its earnings results on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%. The firm had revenue of $2.44 million for the quarter.

U.S. Global Investors Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.76%. U.S. Global Investors’s dividend payout ratio (DPR) is 69.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a research report on Tuesday. They set a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on U.S. Global Investors

U.S. Global Investors Company Profile

(Get Free Report)

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.