Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Drops By 40.9%

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 75,400 shares, a decline of 40.9% from the February 28th total of 127,600 shares. Based on an average daily trading volume, of 169,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Paramount Gold Nevada Stock Down 1.1 %

Shares of PZG stock opened at $0.38 on Monday. The company has a quick ratio of 8.94, a current ratio of 8.94 and a debt-to-equity ratio of 0.43. The company has a market cap of $25.42 million, a P/E ratio of -3.13 and a beta of 1.92. Paramount Gold Nevada has a one year low of $0.31 and a one year high of $0.69.

Institutional Trading of Paramount Gold Nevada

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Paramount Gold Nevada by 57.5% in the third quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 197,113 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Paramount Gold Nevada in the 4th quarter valued at about $282,000. Finally, Sprott Inc. lifted its stake in shares of Paramount Gold Nevada by 58.8% in the 4th 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 in the last quarter. 4.51% of the stock is currently owned by institutional investors and hedge funds.

Paramount Gold Nevada Company Profile

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.