Short Interest in Vista Gold Corp. (NYSEAMERICAN:VGZ) Grows By 265.2%

Vista Gold Corp. (NYSEAMERICAN:VGZ) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 5,353,848 shares, an increase of 265.2% from the June 15th total of 1,466,187 shares. Based on an average daily trading volume, of 4,557,203 shares, the short-interest ratio is currently 1.2 days. Approximately 3.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Vista Gold

Several large investors have recently modified their holdings of VGZ. Hsbc Holdings PLC purchased a new position in Vista Gold during the 1st quarter worth $30,000. Squarepoint Ops LLC purchased a new stake in shares of Vista Gold in the third quarter valued at about $34,000. Dimensional Fund Advisors LP purchased a new stake in shares of Vista Gold in the third quarter valued at about $34,000. Virtu Financial LLC acquired a new position in shares of Vista Gold during the fourth quarter worth about $34,000. Finally, StoneX Group Inc. raised its holdings in Vista Gold by 62.1% during the fourth quarter. StoneX Group Inc. now owns 23,383 shares of the company’s stock worth $46,000 after purchasing an additional 8,961 shares in the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $4.50 price target on shares of Vista Gold in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $4.50.

Vista Gold Trading Down 3.5%

Shares of Vista Gold stock traded down $0.06 on Monday, hitting $1.66. The stock had a trading volume of 2,733,860 shares, compared to its average volume of 3,100,090. The stock has a market cap of $242.31 million, a price-to-earnings ratio of -27.67 and a beta of 1.25. Vista Gold has a 52-week low of $0.91 and a 52-week high of $3.13. The company’s 50 day moving average price is $2.15 and its 200 day moving average price is $2.23.

Vista Gold (NYSEAMERICAN:VGZ) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. Analysts predict that Vista Gold will post -0.06 EPS for the current fiscal year.

Vista Gold Company Profile

Vista Gold Corp is a mineral exploration and development company focused on the acquisition, exploration and advancement of gold resource projects. The company’s primary objective is to bring high-quality gold deposits into production through systematic exploration, feasibility studies and environmental permitting. Vista Gold’s technical team applies modern exploration and development methodologies to de-risk assets and demonstrate the economic potential of its mineral holdings.

The company’s flagship asset is the Mt Todd gold project, located in the Northern Territory of Australia.