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

U.S. Gold Corp. (NASDAQ:USAU) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 82,000 shares, an increase of 54.7% from the December 31st total of 53,000 shares. Based on an average daily trading volume, of 155,100 shares, the days-to-cover ratio is currently 0.5 days.

U.S. Gold Stock Performance

Shares of NASDAQ USAU traded up $0.06 during mid-day trading on Friday, reaching $7.56. 52,945 shares of the company traded hands, compared to its average volume of 123,395. U.S. Gold has a fifty-two week low of $3.20 and a fifty-two week high of $8.61. The company’s fifty day moving average is $6.98 and its two-hundred day moving average is $6.23. The stock has a market cap of $93.19 million, a PE ratio of -7.54 and a beta of 1.54.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. Research analysts forecast that U.S. Gold will post -0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Roth Mkm initiated coverage on shares of U.S. Gold in a research report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target on the stock. Roth Capital raised U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, HC Wainwright lifted their price target on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th.

Institutional Trading of U.S. Gold

Several large investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc raised its stake in shares of 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 acquiring an additional 2,000 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold in the third quarter valued at approximately $59,000. Jane Street Group LLC bought a new position in U.S. Gold in the 3rd quarter worth approximately $118,000. Geode Capital Management LLC lifted its holdings in U.S. Gold by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after buying an additional 3,778 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 valued at $42,000 after buying an additional 7,162 shares during the last quarter. 6.64% of the stock is owned by institutional investors.

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.