Short Interest in Paramount Gold Nevada Corp (PZG) Declines By 15.9%
Paramount Gold Nevada Corp (NYSE:PZG) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 159,222 shares, a decrease of 15.9% from the July 31st total of 189,406 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 24,697 shares, the short-interest ratio is presently 6.4 days.
PZG has been the topic of several recent research reports. Zacks Investment Research downgraded Paramount Gold Nevada Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Roth Capital set a $2.00 price target on Paramount Gold Nevada Corp and gave the stock a “buy” rating in a research note on Monday, May 22nd.
Shares of Paramount Gold Nevada Corp (NYSE PZG) opened at 1.50 on Wednesday. The company has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.62. The stock’s market cap is $26.67 million. Paramount Gold Nevada Corp has a 1-year low of $1.36 and a 1-year high of $2.30.
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Paramount Gold Nevada Corp Company Profile
Paramount Gold Nevada Corp. is an exploration-stage mining company. The Company is engaged in the business of acquiring, exploring and developing precious metal projects in the United States. Its principal Nevada interest, the Sleeper Gold Project, is located in Humboldt County, Nevada. Its project located in Oregon, known as the Grassy Mountain Project, is situated in Malheur County, Oregon.
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