U.S. Gold Corp. (NASDAQ:USAU) Short Interest Update

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 113,400 shares, a growth of 94.8% from the October 31st total of 58,200 shares. Based on an average daily volume of 120,200 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

Institutional Trading of U.S. Gold

Hedge funds have recently added to or reduced their stakes in the business. Prospera Financial Services Inc lifted its stake in U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC bought a new stake in U.S. Gold in the third quarter worth $118,000. Geode Capital Management LLC increased its position in shares of U.S. Gold by 3.7% in the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of U.S. Gold in the third quarter valued at about $59,000. 6.64% of the stock is owned by institutional investors.

U.S. Gold Stock Down 6.3 %

Shares of NASDAQ USAU traded down $0.52 during mid-day trading on Friday, reaching $7.70. 357,791 shares of the company were exchanged, compared to its average volume of 95,777. U.S. Gold has a 52 week low of $3.20 and a 52 week high of $8.61. The stock has a market capitalization of $82.93 million, a PE ratio of -9.28 and a beta of 1.45. The company’s 50 day moving average price is $6.41 and its 200 day moving average price is $5.88.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share for the quarter. On average, sell-side analysts predict that U.S. Gold will post -1.06 earnings per share for the current year.

U.S. Gold Company Profile

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.