U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) 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.
Check Out Our Latest Stock Report on U.S. Global Investors
Institutional Investors Weigh In On U.S. Global 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.
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