US Gold Corp. (NASDAQ:USAU) Short Interest Update
US Gold Corp. (NASDAQ:USAU – Get Rating) was the target of a significant increase in short interest during the month of March. As of March 15, there was short interest totaling 20,700 shares, an increase of 51.1% from February 28’s total of 13,700 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 65,400 shares, the short-term interest rate ratio is currently 0.3 days.
Major investors have recently been buying and selling stocks. Advisor Group Holdings Inc. increased its position in US gold by 2,572.8% in Q3. Advisor Group Holdings Inc. now owns 7,751 shares of the technology company valued at $79,000 after buying 7,461 additional shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of US Gold during the 4th quarter for a value of $94,000. BlackRock Inc. increased its position in US gold stocks by 70.6% during the third quarter. BlackRock Inc. now owns 16,664 shares of the technology company worth $169,000 after buying an additional 6,895 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of US Gold during the 4th quarter for a value of $325,000. Finally, LPL Financial LLC increased its position in US Gold shares by 19.2% during the 3rd quarter. LPL Financial LLC now owns 60,956 shares of the technology company worth $621,000 after buying 9,799 additional shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s shares.
The USAU has been the subject of a number of research reports. HC Wainwright raised its price target on US Gold shares from $16.00 to $16.50 and gave the stock a “buy” rating in a Friday, March 11 research report. Alliance Global Partners raised its price target on US Gold shares from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, December 2. Finally, Zacks Investment Research downgraded U.S. gold stocks from a “hold” rating to a “sell” rating in a Wednesday, March 16 research report.
NASDAQ:USAU opened at $7.04 on Tuesday. The company’s fifty-day moving average price is $7.38 and its 200-day moving average price is $8.90. US gold has a 1-year low of $6.01 and a 1-year high of $13.20. The company has a market capitalization of $52.67 million, a price-earnings ratio of -4.04 and a beta of 1.68.
US Gold (NASDAQ:USAU – Get Rating) last released its quarterly earnings data on Thursday, March 17. The technology company reported ($0.61) earnings per share for the quarter. As a group, equity research analysts expect US gold to post -1.67 earnings per share for the current year.
About US Gold (Get a rating)
US Gold Corp. is a United States-focused gold exploration company. The Company has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was prepared by Mine Development Associates.
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