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

Posted by Jeff Wilder on Nov 17th, 2024

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 263,700 shares, a decline of 22.1% from the October 15th total of 338,600 shares. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Renaissance Technologies LLC increased its stake in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Free Report) by 88.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 1.05% of Paramount Gold Nevada worth $268,000 as of its most recent filing with the SEC. 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Gold Nevada Stock Up 3.5 %

PZG stock traded up $0.02 during mid-day trading on Friday, reaching $0.46. The company had a trading volume of 1,842,461 shares, compared to its average volume of 172,987. The company has a market cap of $30.25 million, a price-to-earnings ratio of -3.81 and a beta of 1.89. Paramount Gold Nevada has a 52 week low of $0.30 and a 52 week high of $0.69. The company has a quick ratio of 9.86, a current ratio of 10.51 and a debt-to-equity ratio of 0.40.

Paramount Gold Nevada (NYSEAMERICAN:PZG – Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter.

Paramount Gold Nevada Company Profile

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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.