U.S. Gold Corp. (NASDAQ:USAU) Short Interest Down 46.0% in December

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 55,700 shares, a drop of 46.0% from the November 30th total of 103,200 shares. Based on an average daily trading volume, of 142,900 shares, the days-to-cover ratio is presently 0.4 days.

U.S. Gold Stock Up 5.8 %

Shares of USAU stock opened at $6.74 on Friday. U.S. Gold has a 12-month low of $3.20 and a 12-month high of $8.61. The company has a 50 day moving average of $6.88 and a 200-day moving average of $6.05. The firm has a market cap of $83.06 million, a P/E ratio of -8.12 and a beta of 1.50.

U.S. Gold (NASDAQ:USAU) last issued its earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. As a group, equities analysts expect that U.S. Gold will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on USAU shares. HC Wainwright upped their target price on U.S. Gold from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Roth Mkm began coverage on U.S. Gold in a research report on Wednesday, December 18th. They set a “buy” rating and a $10.00 target price for the company. Finally, Roth Capital raised shares of U.S. Gold to a “strong-buy” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On U.S. Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of U.S. Gold by 5,775.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,286 shares of the technology company’s stock valued at $42,000 after buying an additional 7,162 shares in the last quarter. Quadrature Capital Ltd bought a new stake in U.S. Gold during the 3rd quarter valued at $59,000. Jane Street Group LLC purchased a new stake in shares of U.S. Gold during the third quarter worth $118,000. Prospera Financial Services Inc boosted its holdings in shares of 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 worth $317,000 after acquiring an additional 2,000 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of U.S. Gold by 3.7% in the third quarter. Geode Capital Management LLC now owns 105,496 shares of the technology company’s stock valued at $613,000 after purchasing an additional 3,778 shares in the last quarter. Institutional investors own 6.64% of the company’s stock.

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.