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

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 117,100 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 197,113 shares during the period. Sprott Inc. increased its holdings in shares of 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 buying an additional 648,464 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Paramount Gold Nevada during the 4th quarter worth $282,000. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Paramount Gold Nevada Price Performance

PZG stock traded up $0.02 on Friday, reaching $0.38. The company had a trading volume of 126,137 shares, compared to its average volume of 133,734. Paramount Gold Nevada has a 1 year low of $0.31 and a 1 year high of $0.69. 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 firm has a market cap of $25.62 million, a P/E ratio of -3.16 and a beta of 1.92.

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.