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

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 127,600 shares, an increase of 82.0% from the February 13th total of 70,100 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 117,100 shares, the short-interest ratio is currently 1.1 days.

Paramount Gold Nevada Stock Performance

NYSEAMERICAN:PZG traded up $0.02 on Friday, reaching $0.38. The stock had a trading volume of 126,137 shares, compared to its average volume of 133,734. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.94 and a quick ratio of 8.94. The stock has a market cap of $25.62 million, a P/E ratio of -3.16 and a beta of 1.92. Paramount Gold Nevada has a 12-month low of $0.31 and a 12-month high of $0.69.

Hedge Funds Weigh In On Paramount Gold Nevada

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in Paramount Gold Nevada in the 4th quarter valued at about $282,000. Sprott Inc. lifted its position 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 worth $599,000 after purchasing an additional 648,464 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $218,000 after purchasing an additional 197,113 shares during the last quarter. 4.51% of the stock is owned by hedge funds and other institutional investors.

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.