Vista Gold Corp. (NYSEAMERICAN:VGZ) Sees Large Growth in Short Interest

Vista Gold Corp. (NYSEAMERICAN:VGZ) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,353,848 shares, a growth of 265.2% from the June 15th total of 1,466,187 shares. Based on an average daily volume of 4,557,203 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.8% of the shares of the company are sold short.

Institutional Trading of Vista Gold

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new stake in shares of Vista Gold in the 1st quarter valued at $30,000. Jane Street Group LLC bought a new position in shares of Vista Gold in the first quarter valued at approximately $30,000. Squarepoint Ops LLC bought a new stake in Vista Gold during the third quarter worth $34,000. Dimensional Fund Advisors LP bought a new position in Vista Gold in the 3rd quarter valued at $34,000. Finally, Virtu Financial LLC bought a new stake in shares of Vista Gold during the 4th quarter worth $34,000. Institutional investors own 27.29% of the company’s stock.

Vista Gold Stock Performance

Shares of VGZ stock traded up $0.02 on Tuesday, hitting $1.68. The company had a trading volume of 799,293 shares, compared to its average volume of 1,990,786. The firm has a market cap of $245.23 million, a P/E ratio of -28.00 and a beta of 1.25. The stock’s 50-day moving average is $2.15 and its two-hundred day moving average is $2.23. Vista Gold has a twelve month low of $0.91 and a twelve month high of $3.13.

Vista Gold (NYSEAMERICAN:VGZ) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.02) EPS for the quarter. Equities research analysts predict that Vista Gold will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $4.50 target price on shares of Vista Gold in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $4.50.

About Vista Gold

Vista Gold Corp is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold resource projects. The company’s primary objective is to bring high-quality gold deposits into production through systematic exploration, feasibility studies and environmental permitting. Vista Gold’s technical team applies modern exploration and development methodologies to de-risk assets and demonstrate the economic potential of its mineral holdings.

The company’s flagship asset is the Mt Todd gold project, located in the Northern Territory of Australia.