U.S. Gold Corp. (NASDAQ:USAU – Get Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 26,900 shares, an increase of 110.2% from the March 31st total of 12,800 shares. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is currently 0.3 days.
Several equities research analysts recently weighed in on the stock. HC Wainwright upped their price objective on shares of U.S. Gold from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Friday, March 11th. Zacks Investment Research cut shares of U.S. Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, March 16th.
Shares of NASDAQ USAU opened at $5.54 on Friday. The company has a market cap of $41.45 million, a price-to-earnings ratio of -3.18 and a beta of 1.66. U.S. Gold has a 12 month low of $5.00 and a 12 month high of $13.20. The stock has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $8.24.
A number of hedge funds and other institutional investors have recently modified their holdings of USAU. Renaissance Technologies LLC acquired a new position in U.S. Gold during the fourth quarter worth about $325,000. Commonwealth Equity Services LLC acquired a new position in shares of U.S. Gold in the fourth quarter valued at approximately $94,000. LPL Financial LLC increased its stake in shares of U.S. Gold by 19.2% in the third quarter. LPL Financial LLC now owns 60,956 shares of the technology company’s stock valued at $621,000 after buying an additional 9,799 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of U.S. Gold by 2,572.8% in the third quarter. Advisor Group Holdings Inc. now owns 7,751 shares of the technology company’s stock valued at $79,000 after buying an additional 7,461 shares during the period. Finally, BlackRock Inc. increased its stake in shares of U.S. Gold by 70.6% in the third quarter. BlackRock Inc. now owns 16,664 shares of the technology company’s stock valued at $169,000 after buying an additional 6,895 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.
About U.S. Gold (Get Rating)
U.S. Gold Corp. operates as a gold and precious metals exploration company. It explores for gold, copper, silver, and zinc deposits. The company holds interest in the CK Gold project located in the Silver Crown mining district of southeast Wyoming. It also holds interests in the Keystone and Maggie Creek exploration properties located on the Cortez and Carlin Trends in Eureka County, Nevada; and the Challis Gold project located in Idaho.
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