U.S. Gold Corp. (NASDAQ:USAU) Short Interest Up 62.2% in February

U.S. Gold Corp. (NASDAQ:USAU - Get Free Report) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 122,800 shares, a growth of 62.2% from the January 31st total of 75,700 shares. Based on an average daily trading volume, of 191,100 shares, the days-to-cover ratio is presently 0.6 days.

U.S. Gold Stock Up 2.5 %

Shares of USAU traded up $0.21 on Wednesday, hitting $8.55. The company's stock had a trading volume of 34,031 shares, compared to its average volume of 199,412. The firm has a market capitalization of $105.30 million, a price-to-earnings ratio of -8.55 and a beta of 1.56. The firm's fifty day moving average price is $7.57 and its 200-day moving average price is $6.74. U.S. Gold has a fifty-two week low of $3.40 and a fifty-two week high of $9.85.

U.S. Gold (NASDAQ:USAU - Get Free Report) last released its quarterly earnings results on Monday, December 16th. The technology company reported ($0.20) earnings per share for the quarter. As a group, equities analysts predict that U.S. Gold will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U.S. Gold

A number of large investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its position in shares of U.S. Gold by 3.8% during the third quarter. Prospera Financial Services Inc now owns 54,500 shares of the technology company's stock worth $317,000 after buying an additional 2,000 shares during the period. Quadrature Capital Ltd acquired a new position in U.S. Gold during the 3rd quarter worth approximately $59,000. Jane Street Group LLC acquired a new position in U.S. Gold during the 3rd quarter worth approximately $118,000. Geode Capital Management LLC grew its stake in shares of U.S. Gold by 3.7% during the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 last quarter. Institutional investors own 6.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on USAU. HC Wainwright increased their price target on shares of U.S. Gold from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Roth Capital upgraded shares of U.S. Gold to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Roth Mkm started coverage on shares of U.S. Gold in a report on Wednesday, December 18th. They issued a "buy" rating and a $10.00 price target for the company.

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.