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

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

Paramount Gold Nevada Stock Down 1.1 %

Shares of NYSEAMERICAN PZG traded down $0.00 during midday trading on Friday, hitting $0.38. The stock had a trading volume of 351,370 shares, compared to its average volume of 179,037. The stock has a market capitalization of $25.42 million, a P/E ratio of -3.13 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.94 and a current ratio of 8.94. Paramount Gold Nevada has a fifty-two week low of $0.31 and a fifty-two week high of $0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Paramount Gold Nevada by 57.5% during the 3rd quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 197,113 shares during the last quarter. Sprott Inc. grew 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 worth $599,000 after acquiring an additional 648,464 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in Paramount Gold Nevada in the 4th quarter valued at about $282,000. Institutional investors and hedge funds own 4.51% of the company’s stock.

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.