Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Up 43.4% in December

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 558,891 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 558,891 shares, the days-to-cover ratio is presently 0.7 days.

Paramount Gold Nevada Stock Down 1.5%

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

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

Institutional Trading of Paramount Gold Nevada

A number of hedge funds have recently made changes to their positions in PZG. Captrust Financial Advisors acquired a new stake in Paramount Gold Nevada in the second quarter valued at $77,000. Tidal Investments LLC increased its position in shares of Paramount Gold Nevada by 11.3% in the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 101,180 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Paramount Gold Nevada by 531.1% in the 2nd quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 56,463 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Paramount Gold Nevada by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 34,614 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in shares of Paramount Gold Nevada during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Company Profile

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.