Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Down 20.2% in December

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

Hedge Funds Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Geode Capital Management LLC raised its holdings in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 57.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,967 shares of the basic materials company’s stock after acquiring an additional 197,113 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of Paramount Gold Nevada worth $218,000 at the end of the most recent quarter. 4.51% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Gold Nevada Trading Down 2.2 %

NYSEAMERICAN PZG traded down $0.01 on Friday, hitting $0.33. 105,929 shares of the stock traded hands, compared to its average volume of 163,096. The company has a quick ratio of 10.50, a current ratio of 10.51 and a debt-to-equity ratio of 0.40. Paramount Gold Nevada has a twelve month low of $0.30 and a twelve month high of $0.69. The stock has a market capitalization of $21.75 million, a P/E ratio of -2.74 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.

Paramount Gold Nevada Company Profile

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.