Short Interest in U.S. Gold Corp. (NASDAQ:USAU) Increases By 94.8%

U.S. Gold Corp. (NASDAQ:USAU) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 113,400 shares, a growth of 94.8% from the October 31st total of 58,200 shares. Based on an average daily volume of 120,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of U.S. Gold

Large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in U.S. Gold during the 3rd quarter worth $118,000. Quadrature Capital Ltd purchased a new position in shares of U.S. Gold in the third quarter worth about $59,000. Geode Capital Management LLC boosted its position in 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 worth $613,000 after acquiring an additional 3,778 shares during the last quarter. Finally, Prospera Financial Services Inc grew its stake in U.S. Gold by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after acquiring an additional 2,000 shares in the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Gold Stock Performance

Shares of U.S. Gold stock traded down $0.52 on Friday, hitting $7.70. The company’s stock had a trading volume of 357,791 shares, compared to its average volume of 95,777. The company has a market capitalization of $82.93 million, a price-to-earnings ratio of -8.92 and a beta of 1.45. U.S. Gold has a 1 year low of $3.20 and a 1 year high of $8.61. The firm has a fifty day moving average price of $6.38 and a 200-day moving average price of $5.86.

U.S. Gold (NASDAQ:USAU) last issued its quarterly earnings results on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. As a group, analysts forecast that U.S. Gold will post -1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, 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 note 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.