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

U.S. Gold Corp. (NASDAQ:USAU) was the target of a large growth in short interest in 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 trading volume of 120,200 shares, the days-to-cover ratio is presently 0.9 days.

U.S. Gold Stock Performance

NASDAQ USAU opened at $8.22 on Thursday. The stock has a market capitalization of $88.53 million, a price-to-earnings ratio of -9.90 and a beta of 1.45. U.S. Gold has a 52 week low of $3.20 and a 52 week high of $8.61. The stock’s 50 day moving average price is $6.32 and its two-hundred day moving average price is $5.85.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, September 16th. The technology company reported ($0.24) EPS for the quarter. On average, equities research analysts forecast that U.S. Gold will post -1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on U.S. Gold from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

Hedge Funds Weigh In On U.S. Gold

Several hedge funds have recently modified their holdings of the stock. Prospera Financial Services Inc grew its stake in U.S. Gold by 3.8% in the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company’s stock valued at $317,000 after purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC raised its stake in U.S. Gold by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after acquiring an additional 3,778 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of U.S. Gold during the 3rd quarter worth about $59,000. Finally, Jane Street Group LLC bought a new stake in shares of U.S. Gold during the third quarter worth approximately $118,000. Institutional investors own 6.64% of the company’s stock.

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.