Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Update

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 127,600 shares, an increase of 82.0% from the February 13th total of 70,100 shares. Based on an average trading volume of 117,100 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Paramount Gold Nevada by 57.5% during the 3rd quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 197,113 shares in the last quarter. Tidal Investments LLC purchased a new stake in Paramount Gold Nevada during the 4th quarter worth about $282,000. Finally, Sprott Inc. increased its position in Paramount Gold Nevada by 58.8% during the 4th quarter. Sprott Inc. now owns 1,751,883 shares of the basic materials company’s stock worth $599,000 after purchasing an additional 648,464 shares in the last quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Trading Up 4.4 %

Shares of NYSEAMERICAN:PZG traded up $0.02 during midday trading on Friday, hitting $0.38. 126,137 shares of the stock were exchanged, compared to its average volume of 133,734. The company has a market capitalization of $25.62 million, a PE ratio of -3.16 and a beta of 1.92. The company has a quick ratio of 8.94, a current ratio of 8.94 and a debt-to-equity ratio of 0.43. Paramount Gold Nevada has a twelve month low of $0.31 and a twelve month high of $0.69.

Paramount Gold Nevada Company Profile

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.