Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Stock Short Interest Report for October

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 549,241 shares, a growth of 78.1% from the September 30th total of 308,395 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 273,464 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Paramount Gold Nevada

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in Paramount Gold Nevada by 44.1% in the second quarter. Tidal Investments LLC now owns 4,553,669 shares of the basic materials company’s stock worth $5,191,000 after purchasing an additional 1,392,617 shares in the last quarter. BlackRock Inc. acquired a new position in Paramount Gold Nevada in the second quarter valued at approximately $457,000. Bank of America Corp DE boosted its holdings in shares of Paramount Gold Nevada by 9,018.3% during the 1st quarter. Bank of America Corp DE now owns 140,330 shares of the basic materials company’s stock worth $233,000 after buying an additional 138,791 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Paramount Gold Nevada during the 1st quarter worth approximately $105,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Paramount Gold Nevada by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,266,824 shares of the basic materials company’s stock worth $2,103,000 after buying an additional 134,193 shares in the last quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Trading Down 3.0%

Shares of PZG stock traded down $0.03 during mid-day trading on Friday, hitting $0.91. The company’s stock had a trading volume of 223,462 shares, compared to its average volume of 264,634. The company’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.50. Paramount Gold Nevada has a 52 week low of $0.88 and a 52 week high of $2.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $78.76 million, a PE ratio of -4.55 and a beta of 1.28.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp. is a mineral exploration and development company focused on advancing gold projects in the western United States. The company’s activities include acquiring, exploring, evaluating and developing properties with potential gold and precious-metal resources.

Paramount’s principal assets include the Sleeper Gold Project in Humboldt County, Nevada, and the Grassy Mountain Gold Project in Malheur County, Oregon. The Sleeper project is a historic, high-grade gold and silver mining district that Paramount is evaluating for potential redevelopment.