Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Expands By 20.7%

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 229,600 shares, a growth of 20.7% from the March 31st total of 190,200 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 295,300 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 worth $42,000 after purchasing an additional 7,162 shares during the period. Bogart Wealth LLC purchased a new position in U.S. Gold during the 1st quarter worth $46,000. Squarepoint Ops LLC acquired a new stake in shares of U.S. Gold in the 4th quarter worth $69,000. Occudo Quantitative Strategies LP purchased a new stake in shares of U.S. Gold in the fourth quarter valued at about $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of U.S. Gold during the fourth quarter worth about $104,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a "buy" rating on shares of U.S. Gold in a research report on Tuesday.

U.S. Gold Trading Up 0.9 %

USAU stock traded up $0.10 on Thursday, hitting $10.65. The company's stock had a trading volume of 249,210 shares, compared to its average volume of 183,701. The stock has a market cap of $132.98 million, a price-to-earnings ratio of -10.65 and a beta of 1.51. The firm has a 50 day moving average of $9.49 and a two-hundred day moving average of $8.01. U.S. Gold has a 1 year low of $4.21 and a 1 year high of $11.75.

U.S. Gold (NASDAQ:USAU - Get Free Report) last announced its earnings results on Monday, March 17th. The technology company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.27). As a group, equities analysts forecast that U.S. Gold will post -0.95 EPS for the current fiscal year.

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.