U.S. Gold Corp. (NASDAQ:USAU) Sees Significant Growth in Short Interest

U.S. Gold Corp. (NASDAQ:USAU) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 7,700 shares, a growth of 92.5% from the March 31st total of 4,000 shares. Based on an average daily trading volume, of 52,500 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $11.00 price objective on shares of U.S. Gold in a research note on Friday, March 1st.

U.S. Gold Stock Performance

Shares of USAU stock opened at $4.42 on Friday. The company’s fifty day moving average price is $3.82 and its 200-day moving average price is $3.67. U.S. Gold has a one year low of $2.92 and a one year high of $5.00.

U.S. Gold (NASDAQ:USAU) last announced its quarterly earnings data on Monday, March 18th. The technology company reported ($0.18) EPS for the quarter. Equities research analysts predict that U.S. Gold will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Gold stock. National Bank of Canada FI acquired a new stake in shares of U.S. Gold Corp. (NASDAQ:USAU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,266 shares of the technology company’s stock, valued at approximately $90,000. National Bank of Canada FI owned about 0.23% of U.S. Gold at the end of the most recent reporting period. 6.64% of the stock is owned by institutional investors and hedge funds.

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.