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.

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

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

(Get Rating)

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.

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