U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 14,200 shares, an increase of 24.6% from the August 31st total of 11,400 shares. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors as of its most recent filing with the Securities & Exchange Commission. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on U.S. Global Investors in a research report on Wednesday. They issued a “hold” rating on the stock.

U.S. Global Investors Trading Down 0.4 %

Shares of GROW stock traded down $0.01 during trading hours on Friday, reaching $2.57. The company’s stock had a trading volume of 77,389 shares, compared to its average volume of 28,435. The stock has a market capitalization of $35.16 million, a P/E ratio of 21.42 and a beta of 1.83. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.11. The firm’s fifty day simple moving average is $2.58 and its 200 day simple moving average is $2.63.

U.S. Global Investors Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.0075 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.50%. U.S. Global Investors’s dividend payout ratio is currently 75.00%.

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.