Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Large Decline in Short Interest

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 263,700 shares, a decrease of 22.1% from the October 15th total of 338,600 shares. Based on an average trading volume of 112,800 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Renaissance Technologies LLC boosted its holdings in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 88.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 670,904 shares of the basic materials company’s stock after purchasing an additional 314,304 shares during the period. Renaissance Technologies LLC owned about 1.05% of Paramount Gold Nevada worth $268,000 at the end of the most recent reporting period. Institutional investors own 4.51% of the company’s stock.

Paramount Gold Nevada Stock Performance

Shares of PZG traded up $0.02 on Friday, reaching $0.46. 1,838,966 shares of the company’s stock traded hands, compared to its average volume of 171,033. The company has a current ratio of 10.51, a quick ratio of 9.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $30.25 million, a price-to-earnings ratio of -3.81 and a beta of 1.89. Paramount Gold Nevada has a 52-week low of $0.30 and a 52-week high of $0.69.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.04) earnings per share for the quarter.

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.