U.S. Gold Corp. (NASDAQ:USAU) Short Interest Up 144.6% in January

U.S. Gold Corp. (NASDAQ:USAUGet Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 34,000 shares, a growth of 144.6% from the January 15th total of 13,900 shares. Based on an average trading volume of 33,800 shares, the short-interest ratio is presently 1.0 days.

U.S. Gold Stock Down 1.1 %

Shares of NASDAQ:USAU traded down $0.04 during trading on Monday, hitting $3.45. The stock had a trading volume of 10,529 shares, compared to its average volume of 29,104. U.S. Gold has a 12 month low of $2.92 and a 12 month high of $7.48. The company has a market capitalization of $32.19 million, a PE ratio of -4.51 and a beta of 1.32. The firm’s fifty day moving average is $3.82 and its 200 day moving average is $3.64.

U.S. Gold (NASDAQ:USAUGet Free Report) last posted its quarterly earnings results on Friday, December 15th. The technology company reported ($0.03) earnings per share for the quarter. Equities research analysts expect that U.S. Gold will post -1.2 EPS for the current fiscal year.

Institutional Trading of U.S. Gold

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of U.S. Gold during the 3rd quarter valued at about $57,000. Virtu Financial LLC bought a new position in shares of U.S. Gold during the 2nd quarter valued at approximately $61,000. Renaissance Technologies LLC bought a new position in shares of U.S. Gold during the 4th quarter valued at approximately $72,000. National Bank of Canada FI bought a new position in U.S. Gold in the 4th quarter worth approximately $90,000. Finally, BlackRock Inc. boosted its stake in U.S. Gold by 27.9% in the 2nd quarter. BlackRock Inc. now owns 21,663 shares of the technology company’s stock worth $96,000 after purchasing an additional 4,722 shares during the period. 6.14% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Gold Company Profile

(Get Free Report)

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.

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