Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Rises By 171.1%

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 12,200 shares, a growth of 171.1% from the July 15th total of 4,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a research note on Thursday, August 8th. They issued a “hold” rating on the stock.

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 purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 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 SEC. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Price Performance

U.S. Global Investors stock remained flat at $2.59 during trading on Thursday. The company had a trading volume of 25,389 shares, compared to its average volume of 28,956. The stock has a market capitalization of $36.03 million, a price-to-earnings ratio of 21.50 and a beta of 1.79. The business’s 50 day moving average is $2.60 and its 200-day moving average is $2.66. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.11.

U.S. Global Investors Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Monday, September 16th. U.S. Global Investors’s dividend payout ratio (DPR) 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.