Vista Gold Corp. (NYSE:VGZ) Short Interest Down 30.2% in September

Vista Gold Corp. (NYSE:VGZ) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 172,300 shares, a drop of 30.2% from the September 15th total of 246,700 shares. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Vista Gold in the first quarter valued at $74,000. Cetera Investment Advisers increased its stake in Vista Gold by 4.2% in the first quarter. Cetera Investment Advisers now owns 2,080,700 shares of the company’s stock valued at $1,723,000 after acquiring an additional 83,800 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in Vista Gold by 202.7% in the second quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company’s stock valued at $94,000 after acquiring an additional 64,392 shares during the last quarter. Captrust Financial Advisors bought a new position in Vista Gold in the second quarter valued at $40,000. Finally, Jane Street Group LLC bought a new position in Vista Gold in the first quarter valued at $30,000. Institutional investors own 27.29% of the company’s stock.

Vista Gold Stock Up 0.6%

VGZ opened at $1.74 on Friday. The stock has a market cap of $217.81 million, a PE ratio of 19.33 and a beta of 1.03. Vista Gold has a 52 week low of $0.47 and a 52 week high of $2.46. The business’s fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.26.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their price objective on Vista Gold from $2.75 to $3.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Vista Gold has a consensus rating of “Buy” and a consensus price target of $3.00.

Vista Gold Company Profile

Vista Gold Corp., together with its subsidiaries, acquires, explores, evaluates, and advances gold exploration and development projects in Australia. Its flagship asset is the 100% owned Mt Todd gold project located in Northern Territory, Australia. The company was incorporated in 1983 and is based in Englewood, Colorado.