Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Rises By 94.8%

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a large growth in short interest during the month of 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 trading volume, of 120,200 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

U.S. Gold Stock Down 1.4 %

NASDAQ:USAU opened at $8.22 on Thursday. U.S. Gold has a 12-month low of $3.20 and a 12-month high of $8.61. The stock’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $5.85. The firm has a market capitalization of $88.53 million, a P/E ratio of -9.90 and a beta of 1.45.

U.S. Gold (NASDAQ:USAU) last posted its earnings results on Monday, September 16th. The technology company reported ($0.24) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that U.S. Gold will post -1.06 earnings per share for the current year.

Institutional Investors Weigh In On U.S. Gold

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of U.S. Gold by 3.7% in the 3rd 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 during the period. Jane Street Group LLC acquired a new position in U.S. Gold in the third quarter valued at about $118,000. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold during the third quarter worth about $59,000. Finally, Prospera Financial Services Inc raised its position in shares of U.S. Gold by 3.8% during 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 period. Institutional investors own 6.64% of the company’s stock.

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.