Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Stock Short Interest Report for October

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 549,241 shares, a growth of 78.1% from the September 30th total of 308,395 shares. Based on an average daily trading volume, of 273,464 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Paramount Gold Nevada

Several large investors have recently modified their holdings of PZG. Trifecta Capital Advisors LLC bought a new stake in shares of Paramount Gold Nevada in the first quarter worth $79,000. OMERS ADMINISTRATION Corp bought a new position in Paramount Gold Nevada during the 1st quarter worth $105,000. Walleye Capital LLC bought a new position in Paramount Gold Nevada during the 1st quarter worth $158,000. Bank of America Corp DE lifted its holdings in Paramount Gold Nevada by 9,018.3% during the 1st quarter. Bank of America Corp DE now owns 140,330 shares of the basic materials company’s stock worth $233,000 after buying an additional 138,791 shares during the period. Finally, Sei Investments Co. acquired a new position in Paramount Gold Nevada during the 1st quarter worth about $665,000. Institutional investors own 4.51% of the company’s stock.

Paramount Gold Nevada Trading Down 2.1%

NYSEAMERICAN PZG traded down $0.02 during trading hours on Monday, reaching $0.89. The company’s stock had a trading volume of 330,580 shares, compared to its average volume of 894,503. The firm has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.50. The stock has a market cap of $77.07 million, a P/E ratio of -4.45 and a beta of 1.38. Paramount Gold Nevada has a 52 week low of $0.88 and a 52 week high of $2.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.08 and a quick ratio of 3.08.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp. is a mineral exploration and development company focused on advancing gold projects in the western United States. The company’s activities include acquiring, exploring, evaluating and developing properties with potential gold and precious-metal resources.

Paramount’s principal assets include the Sleeper Gold Project in Humboldt County, Nevada, and the Grassy Mountain Gold Project in Malheur County, Oregon. The Sleeper project is a historic, high-grade gold and silver mining district that Paramount is evaluating for potential redevelopment.