U.S. Gold Corp. (NASDAQ:USAU) Sees Large Increase in Short Interest

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.

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

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.