Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Down 23.4% in December

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 291,978 shares, a decrease of 23.4% from the November 30th total of 381,104 shares. Based on an average trading volume of 862,525 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 862,525 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Paramount Gold Nevada

Several institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in shares of Paramount Gold Nevada by 531.1% during the second quarter. Osaic Holdings Inc. now owns 67,095 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 56,463 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Paramount Gold Nevada in the second quarter valued at approximately $77,000. Tidal Investments LLC increased its stake in Paramount Gold Nevada by 11.3% during the 2nd quarter. Tidal Investments LLC now owns 997,102 shares of the basic materials company’s stock worth $611,000 after buying an additional 101,180 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Paramount Gold Nevada by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 607,801 shares of the basic materials company’s stock worth $373,000 after buying an additional 34,614 shares in the last quarter. 4.51% of the stock is owned by institutional investors and hedge funds.

Paramount Gold Nevada Stock Performance

Paramount Gold Nevada stock remained flat at $1.18 during trading on Tuesday. 377,523 shares of the company traded hands, compared to its average volume of 686,175. The stock has a market cap of $92.46 million, a PE ratio of -6.94 and a beta of 1.32. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. Paramount Gold Nevada has a 12-month low of $0.32 and a 12-month high of $1.41. The company has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $0.97.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its quarterly earnings results on Friday, November 14th. The basic materials company reported $0.06 EPS for the quarter.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada is a publicly traded mineral exploration and development company focused on precious metal properties in Nevada. The company’s core business activities include the acquisition, exploration, evaluation and advancement of gold and silver prospects. Utilizing modern geological, geochemical and geophysical survey techniques, Paramount seeks to delineate high-grade mineral resources and position its assets for potential future production or strategic partnerships with established mining operators.

Paramount’s portfolio encompasses several key projects across Nevada’s prolific mineral belts, including the historic Sleeper gold mine in Humboldt County, the Scossa epithermal gold system in Pershing County and the San Miguel gold-silver district in Mineral County.