Short Interest in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Decreases By 31.2%

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 158,700 shares, a decline of 31.2% from the December 31st total of 230,800 shares. Based on an average trading volume of 143,600 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Paramount Gold Nevada

An institutional investor recently raised its position in Paramount Gold Nevada stock. Renaissance Technologies LLC grew its position in shares of Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 88.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 670,904 shares of the basic materials company’s stock after purchasing an additional 314,304 shares during the quarter. Renaissance Technologies LLC owned approximately 1.05% of Paramount Gold Nevada worth $268,000 as of its most recent SEC filing. 4.51% of the stock is owned by institutional investors.

Paramount Gold Nevada Trading Up 1.7 %

Shares of PZG stock traded up $0.01 on Friday, reaching $0.39. The company’s stock had a trading volume of 95,831 shares, compared to its average volume of 93,797. Paramount Gold Nevada has a 12-month low of $0.30 and a 12-month 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 company has a market capitalization of $25.54 million, a PE ratio of -3.22 and a beta of 1.88.

Paramount Gold Nevada (NYSEAMERICAN:PZG) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported ($0.02) 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.