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

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

U.S. Gold Stock Down 0.4 %

U.S. Gold stock traded down $0.03 during midday trading on Friday, hitting $6.71. The company’s stock had a trading volume of 61,625 shares, compared to its average volume of 99,597. U.S. Gold has a 12 month low of $3.20 and a 12 month high of $8.61. The stock’s 50-day moving average price is $6.89 and its 200-day moving average price is $6.06. The company has a market capitalization of $82.69 million, a PE ratio of -8.08 and a beta of 1.50.

U.S. Gold (NASDAQ:USAU) last released its earnings results on Monday, December 16th. The technology company reported ($0.20) EPS for the quarter. As a group, equities analysts anticipate that U.S. Gold will post -1.06 EPS for the current year.

Hedge Funds Weigh In On U.S. Gold

A number of hedge funds have recently modified their holdings of USAU. JPMorgan Chase & Co. lifted its holdings in shares of U.S. Gold by 5,775.8% during the third 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 purchased a new stake in U.S. Gold during the third quarter valued at about $59,000. Jane Street Group LLC acquired a new position in shares of U.S. Gold in the third quarter worth about $118,000. Prospera Financial Services Inc increased its position 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 valued at $613,000 after acquiring an additional 3,778 shares during the period. 6.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on USAU. Roth Capital upgraded shares of U.S. Gold to a “strong-buy” rating in a research report on Wednesday, December 18th. Roth Mkm assumed coverage on U.S. Gold in a report on Wednesday, December 18th. They set a “buy” rating and a $10.00 target price on the stock. Finally, HC Wainwright upped their target price on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th.

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.