U.S. Gold Corp. (NASDAQ:USAU) Short Interest Down 16.4% in April

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U.S. Gold Corp. (NASDAQ:USAU) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 63,300 shares, a drop of 16.4% from the March 31st total of 75,700 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 101,000 shares, the days-to-cover ratio is presently 0.6 days.

NASDAQ:USAU opened at $11.10 on Wednesday. The business has a fifty day simple moving average of $10.68 and a two-hundred day simple moving average of $11.13. U.S. Gold has a 1 year low of $4.60 and a 1 year high of $17.40. The company has a market capitalization of $78.35 million, a P/E ratio of -3.50 and a beta of 1.86.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, March 15th. The technology company reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.20). Analysts forecast that U.S. Gold will post -2.71 EPS for the current year.

A number of analysts recently commented on USAU shares. Zacks Investment Research lowered U.S. Gold from a “hold” rating to a “sell” rating in a report on Saturday. HC Wainwright dropped their price target on U.S. Gold from $16.50 to $16.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Alliance Global Partners dropped their price target on U.S. Gold from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, April 8th.

A hedge fund recently raised its stake in U.S. Gold stock. Commonwealth Equity Services LLC boosted its position in U.S. Gold Corp. (NASDAQ:USAU) by 45.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,644 shares of the technology company’s stock after buying an additional 5,846 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.26% of U.S. Gold worth $192,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 2.36% of the stock is owned by institutional investors.

About U.S. Gold

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates.

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