Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Expands By 94.8%

U.S. Gold Corp. (NASDAQ:USAU) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 113,400 shares, a growth of 94.8% from the October 31st total of 58,200 shares. Based on an average daily trading volume, of 120,200 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th.

U.S. Gold Stock Down 6.3 %

NASDAQ:USAU traded down $0.52 on Friday, hitting $7.70. The stock had a trading volume of 357,791 shares, compared to its average volume of 95,777. The company has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $5.86. The stock has a market cap of $82.93 million, a price-to-earnings ratio of -8.92 and a beta of 1.45. U.S. Gold has a 1-year low of $3.20 and a 1-year high of $8.61.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) earnings per share for the quarter. As a group, analysts anticipate that U.S. Gold will post -1.06 earnings per share for the current year.

Institutional Trading of U.S. Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Prospera Financial Services Inc boosted its stake in U.S. Gold by 3.8% during the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock worth $317,000 after buying an additional 2,000 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $613,000 after acquiring an additional 3,778 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of U.S. Gold during the 3rd quarter worth approximately $59,000. Finally, Jane Street Group LLC purchased a new position in shares of U.S. Gold during the 3rd quarter worth approximately $118,000. 6.64% of the stock is owned by institutional investors and hedge funds.

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.