U.S. Gold Corp. (NASDAQ:USAU) Sees Large Growth in Short Interest

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

Analyst Ratings Changes

Several brokerages have weighed in on USAU. Roth Mkm assumed coverage on shares of U.S. Gold in a research note on Wednesday, December 18th. They set a “buy” rating and a $10.00 target price for the company. Roth Capital upgraded shares of U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th.

U.S. Gold Price Performance

NASDAQ USAU opened at $9.09 on Tuesday. The company has a market cap of $113.50 million, a P/E ratio of -9.09 and a beta of 1.48. U.S. Gold has a 1-year low of $3.77 and a 1-year high of $11.75. The stock has a 50-day moving average of $8.71 and a two-hundred day moving average of $7.27.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in U.S. Gold during the 4th quarter worth about $104,000. Squarepoint Ops LLC acquired a new position in shares of U.S. Gold during the fourth quarter worth about $69,000. Occudo Quantitative Strategies LP purchased a new stake in shares of U.S. Gold during the fourth quarter worth approximately $73,000. Cubist Systematic Strategies LLC acquired a new stake in U.S. Gold in the fourth quarter valued at approximately $182,000. Finally, Walleye Capital LLC acquired a new position in U.S. Gold during the 4th quarter worth approximately $114,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

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.