Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Decreases By 16.4%


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U.S. Gold Corp. (NASDAQ:USAU) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 63,300 shares, a decline of 16.4% from the March 31st total of 75,700 shares. Based on an average daily volume of 101,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are short sold.

A hedge fund recently bought a new stake in U.S. Gold stock. NorthRock Partners LLC acquired a new position in shares of U.S. Gold Corp. (NASDAQ:USAU) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,000 shares of the technology company’s stock, valued at approximately $248,000. NorthRock Partners LLC owned approximately 0.26% of U.S. Gold at the end of the most recent quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.

NASDAQ USAU opened at $11.30 on Tuesday. The company has a market capitalization of $79.77 million, a PE ratio of -3.56 and a beta of 1.86. U.S. Gold has a 1-year low of $4.60 and a 1-year high of $17.40. The firm’s fifty day simple moving average is $10.67 and its 200-day simple moving average is $11.12.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 15th. The technology company reported ($0.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.20). Analysts anticipate that U.S. Gold will post -2.71 EPS for the current fiscal year.

Several brokerages have issued reports on USAU. HC Wainwright cut their target price on shares of U.S. Gold from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, April 28th. Zacks Investment Research downgraded shares of U.S. Gold from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Alliance Global Partners cut their target price on shares of U.S. Gold from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, April 8th.

About U.S. Gold

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates.

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