Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Expands By 140.2%

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 181,100 shares, an increase of 140.2% from the March 15th total of 75,400 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 190,200 shares, the short-interest ratio is currently 1.0 days.

Paramount Gold Nevada Trading Down 1.6 %

Shares of NYSEAMERICAN PZG traded down $0.01 during trading on Tuesday, reaching $0.39. The company had a trading volume of 207,501 shares, compared to its average volume of 177,258. Paramount Gold Nevada has a 52 week low of $0.31 and a 52 week high of $0.69. The company has a current ratio of 8.94, a quick ratio of 8.94 and a debt-to-equity ratio of 0.43. The company has a market cap of $26.03 million, a PE ratio of -3.21 and a beta of 1.92.

Institutional Trading of Paramount Gold Nevada

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Paramount Gold Nevada by 57.5% in the third quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 197,113 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Paramount Gold Nevada during the 4th quarter valued at about $282,000. Finally, Sprott Inc. grew its position 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 purchasing an additional 648,464 shares during the period. 4.51% of the stock is owned by institutional investors.

About Paramount Gold Nevada

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.