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

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 258,900 shares, an increase of 32.6% from the April 30th total of 195,300 shares. Based on an average daily volume of 335,500 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.3% of the shares of the stock are short sold.

U.S. Gold Stock Up 1.5%

Shares of USAU traded up $0.20 during midday trading on Thursday, reaching $13.67. The company had a trading volume of 589,223 shares, compared to its average volume of 195,317. U.S. Gold has a 1-year low of $4.71 and a 1-year high of $14.11. The stock has a market cap of $173.51 million, a PE ratio of -13.67 and a beta of 1.51. The firm has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $8.68.

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Roth Capital reissued a "buy" rating on shares of U.S. Gold in a research note on Tuesday, May 6th. HC Wainwright reissued a "buy" rating and issued a $15.00 price objective (up from $14.00) on shares of U.S. Gold in a research note on Friday, May 23rd.

Hedge Funds Weigh In On U.S. Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of U.S. Gold in the 1st quarter valued at about $2,163,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in U.S. Gold by 41.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,000 shares of the technology company's stock valued at $218,000 after purchasing an additional 7,000 shares in the last quarter. Bogart Wealth LLC purchased a new position in U.S. Gold in the first quarter valued at approximately $46,000. Squarepoint Ops LLC acquired a new stake in U.S. Gold during the fourth quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in U.S. Gold during the fourth quarter worth approximately $73,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

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.