U.S. Gold Corp. (NASDAQ:USAU) Short Interest Update

Defense World · Dec 13, 2022 04:51

U.S. Gold Corp. (NASDAQ:USAU – Get Rating) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 2,500 shares, a decrease of 62.1% from the November 15th total of 6,600 shares. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity at U.S. Gold

In related news, Director Luke Anthony Norman acquired 10,000 shares of the company's stock in a transaction on Thursday, October 20th. The stock was purchased at an average cost of $3.64 per share, for a total transaction of $36,400.00. Following the completion of the purchase, the director now directly owns 310,561 shares of the company's stock, valued at approximately $1,130,442.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.78% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On U.S. Gold

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in U.S. Gold in the third quarter valued at about $57,000. State Street Corp boosted its holdings in U.S. Gold by 72.2% in the first quarter. State Street Corp now owns 22,900 shares of the technology company's stock valued at $160,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in U.S. Gold in the first quarter valued at about $172,000. Institutional investors own 5.00% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright lowered their target price on U.S. Gold from $11.00 to $10.50 and set a "buy" rating for the company in a research note on Monday, November 21st.

U.S. Gold Stock Performance

Shares of NASDAQ:USAU opened at $4.30 on Tuesday. U.S. Gold has a twelve month low of $3.50 and a twelve month high of $10.10. The firm has a market cap of $35.90 million, a PE ratio of -2.61 and a beta of 1.47. The business has a fifty day moving average of $3.93 and a 200-day moving average of $4.06.

U.S. Gold (NASDAQ:USAU – Get Rating) last announced its earnings results on Wednesday, September 14th. The technology company reported ($0.23) earnings per share for the quarter. On average, analysts anticipate that U.S. Gold will post -0.96 EPS for the current fiscal year.

U.S. Gold Company Profile

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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 650 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 87 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.