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

U.S. Gold Corp. (NASDAQ:USAU) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 202,400 shares, a growth of 44.9% from the February 28th total of 139,700 shares. Based on an average daily trading volume, of 227,600 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

USAU has been the topic of a number of recent analyst reports. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Roth Mkm initiated coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 target price for the company.

Hedge Funds Weigh In On U.S. Gold

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in U.S. Gold by 5,775.8% during the third quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock worth $42,000 after purchasing an additional 7,162 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of U.S. Gold in the third quarter worth $59,000. Squarepoint Ops LLC purchased a new stake in shares of U.S. Gold in the fourth quarter valued at $69,000. Occudo Quantitative Strategies LP purchased a new stake in U.S. Gold during the 4th quarter worth about $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in U.S. Gold in the 4th quarter valued at about $104,000. Hedge funds and other institutional investors own 6.64% of the company’s stock.

U.S. Gold Trading Down 3.7 %

Shares of USAU opened at $9.09 on Tuesday. The stock’s 50 day moving average is $8.71 and its two-hundred day moving average is $7.27. U.S. Gold has a twelve month low of $3.77 and a twelve month high of $11.75. The firm has a market capitalization of $113.50 million, a PE ratio of -9.09 and a beta of 1.48.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings results on Monday, March 17th. The technology company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.27). On average, sell-side analysts predict that U.S. Gold will post -0.95 EPS 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.