U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 258,900 shares, a growth of 32.6% from the April 30th total of 195,300 shares. Based on an average daily volume of 335,500 shares, the short-interest ratio is currently 0.8 days. Approximately 2.3% of the shares of the stock are sold short.
Analyst Ratings Changes
Several equities analysts have weighed in on USAU shares. Roth Capital restated a "buy" rating on shares of U.S. Gold in a report on Tuesday, May 6th. HC Wainwright reiterated a "buy" rating and issued a $15.00 price target (up from $14.00) on shares of U.S. Gold in a research report on Friday, May 23rd.
Check Out Our Latest Stock Report on USAU
Hedge Funds Weigh In On U.S. Gold
A number of institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in U.S. Gold during the fourth quarter worth approximately $182,000. Commonwealth Equity Services LLC acquired a new stake in shares of U.S. Gold during the fourth quarter worth $190,000. JPMorgan Chase & Co. grew its position in shares of U.S. Gold by 5,775.8% in 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 period. Renaissance Technologies LLC increased its stake in U.S. Gold by 296.4% in the fourth quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock valued at $576,000 after purchasing an additional 70,214 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in U.S. Gold in the fourth quarter valued at $114,000. Institutional investors and hedge funds own 6.64% of the company's stock.
U.S. Gold Trading Down 0.4%
Shares of NASDAQ USAU traded down $0.05 during trading on Tuesday, reaching $12.68. The company had a trading volume of 459,232 shares, compared to its average volume of 190,896. U.S. Gold has a twelve month low of $4.71 and a twelve month high of $13.23. The stock has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $8.62. The stock has a market capitalization of $160.95 million, a PE ratio of -12.68 and a beta of 1.51.
U.S. Gold (NASDAQ:USAU - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The technology company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.27). On average, sell-side analysts predict that U.S. Gold will post -0.95 EPS for the current year.
U.S. Gold Company Profile
(
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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.
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