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

U.S. Gold Corp. (NASDAQ:USAU) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 82,000 shares, an increase of 54.7% from the December 31st total of 53,000 shares. Based on an average daily trading volume, of 155,100 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of brokerages have commented on USAU. Roth Capital upgraded U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th. HC Wainwright raised 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. Finally, Roth Mkm assumed coverage on shares of U.S. Gold in a research report on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of USAU. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 7,162 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of U.S. Gold in the third quarter valued at about $59,000. Jane Street Group LLC bought a new stake in U.S. Gold during the 3rd quarter worth about $118,000. Prospera Financial Services Inc grew its holdings in U.S. Gold by 3.8% during the 3rd 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 raised its stake in shares of U.S. Gold by 3.7% in 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 last quarter. 6.64% of the stock is owned by institutional investors and hedge funds.

U.S. Gold Stock Down 1.5 %

Shares of NASDAQ USAU traded down $0.11 during midday trading on Friday, reaching $7.39. 105,823 shares of the company traded hands, compared to its average volume of 116,339. U.S. Gold has a 12 month low of $3.20 and a 12 month high of $8.61. The stock’s 50-day simple moving average is $6.96 and its 200-day simple moving average is $6.25.

U.S. Gold (NASDAQ:USAU) last announced its quarterly 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 expect that U.S. Gold will post -0.97 earnings per share for the current fiscal 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.