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

U.S. Gold Corp. (NASDAQ:USAU) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 34,300 shares, an increase of 383.1% from the February 29th total of 7,100 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $11.00 target price on shares of U.S. Gold in a report on Friday, March 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in U.S. Gold in the third quarter valued at about $57,000. Renaissance Technologies LLC purchased a new position in shares of U.S. Gold during the 4th quarter worth approximately $72,000. National Bank of Canada FI purchased a new position in shares of U.S. Gold during the 4th quarter worth approximately $90,000. BlackRock Inc. lifted its holdings in shares of U.S. Gold by 27.9% in the 2nd quarter. BlackRock Inc. now owns 21,663 shares of the technology company’s stock valued at $96,000 after buying an additional 4,722 shares during the period. Finally, State Street Corp boosted its stake in shares of U.S. Gold by 72.2% in the first quarter. State Street Corp now owns 22,900 shares of the technology company’s stock valued at $160,000 after buying an additional 9,600 shares in the last quarter. 6.64% of the stock is currently owned by institutional investors and hedge funds.

U.S. Gold Stock Performance

Shares of U.S. Gold stock opened at $3.61 on Thursday. U.S. Gold has a one year low of $2.92 and a one year high of $7.48. The firm has a fifty day moving average of $3.57 and a two-hundred day moving average of $3.54.

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.