Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Decreases By 31.2%

by · The Markets Daily

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 158,700 shares, a drop of 31.2% from the December 31st total of 230,800 shares. Based on an average daily volume of 143,600 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Paramount Gold Nevada

An institutional investor recently raised its position in Paramount Gold Nevada stock. Geode Capital Management LLC grew its holdings in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Free Report) by 57.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 539,967 shares of the basic materials company’s stock after buying an additional 197,113 shares during the period. Geode Capital Management LLC owned approximately 0.82% of Paramount Gold Nevada worth $218,000 as of its most recent filing with the SEC. 4.51% of the stock is owned by institutional investors.

Paramount Gold Nevada Stock Up 1.7 %

NYSEAMERICAN PZG traded up $0.01 during trading hours on Friday, reaching $0.39. The company’s stock had a trading volume of 95,831 shares, compared to its average volume of 93,797. The company has a debt-to-equity ratio of 0.40, a current ratio of 10.51 and a quick ratio of 10.50. Paramount Gold Nevada has a 52 week low of $0.30 and a 52 week high of $0.69. The firm has a market cap of $25.54 million, a PE ratio of -3.22 and a beta of 1.88.

Paramount Gold Nevada (NYSEAMERICAN:PZG – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported ($0.02) earnings per share for the quarter.

Paramount Gold Nevada Company Profile

(Get Free Report)

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.

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