Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Large Decrease in Short Interest

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 260,600 shares, a decrease of 20.2% from the November 30th total of 326,600 shares. Based on an average daily volume of 155,100 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Renaissance Technologies LLC raised its position in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 88.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 670,904 shares of the basic materials company’s stock after purchasing an additional 314,304 shares during the period. Renaissance Technologies LLC owned about 1.05% of Paramount Gold Nevada worth $268,000 as of its most recent filing with the Securities & Exchange Commission. 4.51% of the stock is owned by institutional investors.

Paramount Gold Nevada Price Performance

Shares of PZG stock traded up $0.01 on Monday, reaching $0.34. 95,232 shares of the company’s stock were exchanged, compared to its average volume of 162,826. Paramount Gold Nevada has a 52 week low of $0.30 and a 52 week high of $0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 10.50 and a current ratio of 10.51. The firm has a market capitalization of $22.48 million, a P/E ratio of -2.83 and a beta of 1.85.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.04) earnings per share for the quarter.

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.