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

U.S. Gold Corp. (NASDAQ:USAU) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 55,700 shares, a drop of 46.0% from the November 30th total of 103,200 shares. Based on an average daily volume of 142,900 shares, the short-interest ratio is currently 0.4 days.

U.S. Gold Stock Down 0.4 %

Shares of USAU stock traded down $0.03 during trading hours on Friday, reaching $6.71. 61,625 shares of the company’s stock were exchanged, compared to its average volume of 99,597. The business has a fifty day moving average price of $6.89 and a 200-day moving average price of $6.07. The stock has a market capitalization of $82.69 million, a P/E ratio of -8.08 and a beta of 1.50. U.S. Gold has a fifty-two week low of $3.20 and a fifty-two week high of $8.61.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. As a group, research analysts expect that U.S. Gold will post -1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Gold

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of U.S. Gold by 5,775.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock worth $42,000 after buying an additional 7,162 shares in the last quarter. Quadrature Capital Ltd bought a new stake in U.S. Gold in the third quarter valued at $59,000. Jane Street Group LLC acquired a new position in U.S. Gold during the third quarter worth $118,000. Prospera Financial Services Inc lifted its holdings in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 buying an additional 3,778 shares in the last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

USAU has been the subject of a number of analyst reports. Roth Capital upgraded shares of U.S. Gold to a “strong-buy” rating in a research note on Wednesday, December 18th. Roth Mkm began coverage on U.S. Gold in a research note on Wednesday, December 18th. They set a “buy” rating and a $10.00 price target for the company. Finally, HC Wainwright raised their target price on shares of U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

About U.S. Gold

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.