Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Significant Growth in Short Interest

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

Paramount Gold Nevada Price Performance

Shares of PZG traded up $0.02 during trading hours on Friday, hitting $0.38. The company had a trading volume of 126,137 shares, compared to its average volume of 133,734. The firm has a market cap of $25.62 million, a PE ratio of -3.16 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.94 and a quick ratio of 8.94. Paramount Gold Nevada has a 52-week low of $0.31 and a 52-week high of $0.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in Paramount Gold Nevada in the 4th quarter worth approximately $282,000. Sprott Inc. grew its holdings in shares of Paramount Gold Nevada by 58.8% in the fourth 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 during the period. Finally, Geode Capital Management LLC increased its position in 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 valued at $218,000 after acquiring an additional 197,113 shares during the last quarter. 4.51% of the stock is owned by 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.