US Gold Corp (NASDAQ:USAU) Short Interest Up 112.5% in May

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US Gold Corp (NASDAQ:USAU) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totalling 22,100 shares, an increase of 112.5% from the May 14th total of 10,400 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 104,800 shares, the days-to-cover ratio is currently 0.2 days.

A number of research firms have recently weighed in on USAU. Zacks Investment Research raised US Gold from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Saturday, May 16th. HC Wainwright reissued a “buy” rating and set a $14.50 price target (down previously from $19.50) on shares of US Gold in a research report on Tuesday, May 12th. Finally, ValuEngine lowered shares of US Gold from a “strong-buy” rating to a “buy” rating in a report on Friday, May 22nd.

NASDAQ USAU traded down $0.34 on Thursday, hitting $6.26. The company’s stock had a trading volume of 965 shares, compared to its average volume of 65,858. The firm has a market cap of $17.36 million, a P/E ratio of -1.45 and a beta of 1.37. US Gold has a 52-week low of $2.61 and a 52-week high of $12.74. The company’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $2.72.

US Gold (NASDAQ:USAU) last announced its quarterly earnings results on Thursday, March 12th. The technology company reported ($0.40) EPS for the quarter. As a group, sell-side analysts anticipate that US Gold will post -1.86 earnings per share for the current fiscal year.

About US Gold

U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada.

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