Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Drops By 23.4%

by · The Cerbat Gem

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 291,978 shares, a decline of 23.4% from the November 30th total of 381,104 shares. Based on an average daily volume of 862,525 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 862,525 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Paramount Gold Nevada

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in Paramount Gold Nevada by 531.1% during the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 56,463 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Paramount Gold Nevada during the 2nd quarter valued at approximately $77,000. Geode Capital Management LLC increased its position in shares of Paramount Gold Nevada by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 34,614 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Paramount Gold Nevada by 11.3% during the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock valued at $611,000 after buying an additional 101,180 shares during the period. 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Gold Nevada Price Performance

Paramount Gold Nevada stock traded up $0.08 during midday trading on Wednesday, reaching $1.26. 713,873 shares of the stock traded hands, compared to its average volume of 678,393. The stock has a market cap of $98.73 million, a P/E ratio of -7.41 and a beta of 1.32. The stock’s fifty day moving average is $1.15 and its 200-day moving average is $0.97. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.54. Paramount Gold Nevada has a 12 month low of $0.32 and a 12 month high of $1.41.

Paramount Gold Nevada (NYSEAMERICAN:PZG – Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter.

About Paramount Gold Nevada

(Get Free Report)

Paramount Gold Nevada is a publicly traded mineral exploration and development company focused on precious metal properties in Nevada. The company’s core business activities include the acquisition, exploration, evaluation and advancement of gold and silver prospects. Utilizing modern geological, geochemical and geophysical survey techniques, Paramount seeks to delineate high-grade mineral resources and position its assets for potential future production or strategic partnerships with established mining operators.

Paramount’s portfolio encompasses several key projects across Nevada’s prolific mineral belts, including the historic Sleeper gold mine in Humboldt County, the Scossa epithermal gold system in Pershing County and the San Miguel gold-silver district in Mineral County.

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