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

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 70,100 shares, a decline of 27.7% from the January 31st total of 97,000 shares. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Paramount Gold Nevada

Several large investors have recently added to or reduced their stakes in PZG. Tidal Investments LLC acquired a new stake in Paramount Gold Nevada in the fourth quarter worth $282,000. Sprott Inc. increased its holdings in shares of Paramount Gold Nevada by 58.8% during the fourth quarter. Sprott Inc. now owns 1,751,883 shares of the basic materials company’s stock valued at $599,000 after purchasing an additional 648,464 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Paramount Gold Nevada by 57.5% during the third quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 197,113 shares during the period. 4.51% of the stock is currently owned by institutional investors.

Paramount Gold Nevada Stock Performance

Paramount Gold Nevada stock traded up $0.00 during midday trading on Tuesday, hitting $0.36. 63,342 shares of the company were exchanged, compared to its average volume of 130,225. The firm has a market capitalization of $24.24 million, a PE ratio of -2.99 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.94 and a current ratio of 8.94. Paramount Gold Nevada has a fifty-two week low of $0.31 and a fifty-two week high of $0.69.

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.