Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Update

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 70,100 shares, a drop of 27.7% from the January 31st total of 97,000 shares. Based on an average trading volume of 114,100 shares, the days-to-cover ratio is presently 0.6 days.

Paramount Gold Nevada Trading Up 0.2 %

NYSEAMERICAN PZG traded up $0.00 during trading on Tuesday, reaching $0.36. 63,342 shares of the company’s stock were exchanged, compared to its average volume of 130,225. Paramount Gold Nevada has a fifty-two week low of $0.31 and a fifty-two week high of $0.69. The firm has a market capitalization of $24.24 million, a PE ratio of -2.99 and a beta of 1.92. The company has a current ratio of 8.94, a quick ratio of 8.94 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Paramount Gold Nevada

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Paramount Gold Nevada by 57.5% during the 3rd quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 197,113 shares in the last quarter. Sprott Inc. raised its stake in shares of Paramount Gold Nevada by 58.8% in the 4th quarter. Sprott Inc. now owns 1,751,883 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 648,464 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Paramount Gold Nevada in the 4th quarter valued at approximately $282,000. 4.51% of the stock is owned by hedge funds and other institutional investors.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.