Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Up 66.0% in September

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 353,400 shares, a growth of 66.0% from the September 15th total of 212,900 shares. Based on an average daily volume of 99,100 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Paramount Gold Nevada stock. Renaissance Technologies LLC lifted its holdings 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 fund owned 670,904 shares of the basic materials company’s stock after buying an additional 314,304 shares during the period. Renaissance Technologies LLC owned 1.05% of Paramount Gold Nevada worth $268,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Paramount Gold Nevada Stock Up 1.2 %

Shares of NYSEAMERICAN:PZG traded up $0.01 during midday trading on Monday, reaching $0.43. The company had a trading volume of 44,400 shares, compared to its average volume of 163,521. Paramount Gold Nevada has a one year low of $0.29 and a one year high of $0.69. The company has a current ratio of 9.86, a quick ratio of 9.86 and a debt-to-equity ratio of 0.40. The firm has a market cap of $28.02 million, a PE ratio of -3.04 and a beta of 1.89.

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