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

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a significant 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 Trading of U.S. Gold

A number of large investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its stake in 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 purchasing an additional 2,000 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $613,000 after purchasing an additional 3,778 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of U.S. Gold by 93.8% during the 4th quarter. JPMorgan Chase & Co. now owns 14,117 shares of the technology company’s stock worth $87,000 after buying an additional 6,831 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of U.S. Gold during the 3rd quarter worth about $59,000. Finally, Squarepoint Ops LLC acquired a new position in U.S. Gold in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 6.64% of the company’s stock.

U.S. Gold Stock Performance

NASDAQ:USAU traded down $0.04 on Monday, reaching $8.23. The company’s stock had a trading volume of 66,217 shares, compared to its average volume of 201,466. U.S. Gold has a 1-year low of $3.40 and a 1-year high of $9.85. The firm has a market cap of $101.36 million, a PE ratio of -8.23 and a beta of 1.56. The business’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $6.70.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on USAU. Roth Mkm started coverage on U.S. Gold in a research note on Wednesday, December 18th. They issued a “buy” rating and a $10.00 price target on the stock. HC Wainwright upped their price target 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. Finally, Roth Capital upgraded shares of U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th.

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.