Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Significant Increase in Short Interest

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 418,816 shares, a growth of 43.4% from the December 15th total of 291,978 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 558,891 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 558,891 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. bought a new position in Paramount Gold Nevada during the 4th quarter worth $27,000. Geode Capital Management LLC lifted its stake in Paramount Gold Nevada by 6.0% in the second quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after buying an additional 34,614 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of 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 valued at $41,000 after acquiring an additional 56,463 shares during the period. Tidal Investments LLC grew its position in shares of Paramount Gold Nevada by 11.3% during the second quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after acquiring an additional 101,180 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Paramount Gold Nevada in the 2nd quarter worth about $77,000. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Stock Performance

Shares of Paramount Gold Nevada stock traded down $0.02 during trading hours on Friday, reaching $1.32. The company’s stock had a trading volume of 426,746 shares, compared to its average volume of 754,994. Paramount Gold Nevada has a one year low of $0.32 and a one year high of $1.46. The company’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $103.44 million, a P/E ratio of -7.76 and a beta of 1.31.

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

About Paramount Gold Nevada

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.