Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Decreases By 40.9%

Posted by Trevor Kearing on Mar 29th, 2025

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG – Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 75,400 shares, a drop of 40.9% from the February 28th total of 127,600 shares. Based on an average daily volume of 169,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Paramount Gold Nevada Stock Down 1.1 %

Shares of NYSEAMERICAN:PZG traded down $0.00 during midday trading on Friday, hitting $0.38. The stock had a trading volume of 351,370 shares, compared to its average volume of 179,037. Paramount Gold Nevada has a 1 year low of $0.31 and a 1 year high of $0.69. The company has a quick ratio of 8.94, a current ratio of 8.94 and a debt-to-equity ratio of 0.43. The company has a market cap of $25.42 million, a price-to-earnings ratio of -3.13 and a beta of 1.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings 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. Tidal Investments LLC purchased a new position in Paramount Gold Nevada in the fourth quarter valued at approximately $282,000. Finally, Sprott Inc. lifted its position in Paramount Gold Nevada by 58.8% during the fourth quarter. Sprott Inc. now owns 1,751,883 shares of the basic materials company’s stock valued at $599,000 after buying an additional 648,464 shares in the last quarter. Institutional investors and hedge funds own 4.51% of the company’s stock.

Paramount Gold Nevada Company Profile

(Get Free Report)

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.