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

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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 169,600 shares, the days-to-cover ratio is presently 0.4 days.

Paramount Gold Nevada Stock Performance

PZG traded down $0.00 during trading on Friday, reaching $0.38. 351,370 shares of the company were exchanged, compared to its average volume of 179,037. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.94 and a current ratio of 8.94. The stock has a market capitalization of $25.42 million, a price-to-earnings ratio of -3.13 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

Large investors have recently modified their holdings of the company. Sprott Inc. increased its holdings in Paramount Gold Nevada by 58.8% during 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 during the period. Tidal Investments LLC purchased a new position in shares of Paramount Gold Nevada during the 4th quarter valued at $282,000. Finally, Geode Capital Management LLC increased its holdings in shares of 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 worth $218,000 after purchasing an additional 197,113 shares during the period. 4.51% of the stock is currently 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.