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

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 55,700 shares, a decline of 46.0% from the November 30th total of 103,200 shares. Based on an average daily volume of 142,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On U.S. Gold

A number of hedge funds have recently bought and sold shares of USAU. JPMorgan Chase & Co. boosted its stake in U.S. Gold by 5,775.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock valued at $42,000 after purchasing an additional 7,162 shares during the period. Quadrature Capital Ltd acquired a new position in shares of U.S. Gold during the third quarter worth approximately $59,000. Jane Street Group LLC acquired a new position in shares of U.S. Gold during the third quarter worth approximately $118,000. Prospera Financial Services Inc grew 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. Finally, Geode Capital Management LLC increased its position in U.S. Gold by 3.7% during the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock worth $613,000 after acquiring an additional 3,778 shares during the period. 6.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on USAU shares. Roth Mkm started coverage on shares of U.S. Gold in a research report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 target price for the company. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, HC Wainwright boosted their target price on U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

U.S. Gold Trading Down 0.4 %

NASDAQ USAU traded down $0.03 during trading on Friday, reaching $6.71. The company’s stock had a trading volume of 61,625 shares, compared to its average volume of 99,597. The stock has a market capitalization of $82.69 million, a PE ratio of -8.08 and a beta of 1.50. U.S. Gold has a 1-year low of $3.20 and a 1-year high of $8.61. The business has a 50-day moving average price of $6.89 and a 200-day moving average price of $6.06.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. As a group, analysts expect that U.S. Gold will post -1.06 earnings per share for the current year.

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.