Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Expands By 62.2%

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 122,800 shares, an increase of 62.2% from the January 31st total of 75,700 shares. Based on an average trading volume of 191,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Prospera Financial Services Inc raised its position in shares of U.S. Gold by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,000 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold in the 3rd quarter valued at approximately $59,000. Jane Street Group LLC acquired a new stake in shares of U.S. Gold in the 3rd quarter valued at approximately $118,000. Geode Capital Management LLC raised its position 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 acquiring an additional 3,778 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 valued at $42,000 after acquiring an additional 7,162 shares during the period. Institutional investors own 6.64% of the company’s stock.

U.S. Gold Trading Down 4.0 %

Shares of NASDAQ USAU opened at $7.93 on Tuesday. The firm has a market capitalization of $97.72 million, a PE ratio of -7.93 and a beta of 1.56. U.S. Gold has a 1 year low of $3.40 and a 1 year high of $9.85. The firm’s 50-day moving average is $7.53 and its 200-day moving average is $6.72.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. As a group, equities research analysts anticipate that U.S. Gold will post -0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on USAU shares. HC Wainwright increased their price objective on shares of U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Roth Capital raised shares of U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Roth Mkm assumed coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They set a “buy” rating and a $10.00 price objective on the 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.