Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Sees Large Increase in Short Interest

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 326,600 shares, a growth of 435.4% from the November 15th total of 61,000 shares. Based on an average trading volume of 159,100 shares, the short-interest ratio is currently 2.1 days.

Paramount Gold Nevada Stock Down 4.2 %

Shares of PZG stock opened at $0.34 on Thursday. The company has a market cap of $22.48 million, a price-to-earnings ratio of -2.83 and a beta of 1.86. Paramount Gold Nevada has a fifty-two week low of $0.30 and a fifty-two week 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.

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

Hedge Funds Weigh In On Paramount Gold Nevada

A hedge fund recently raised its stake in Paramount Gold Nevada stock. Geode Capital Management LLC boosted its holdings in Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) by 57.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 0.82% of Paramount Gold Nevada worth $218,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.51% of the company’s stock.

About Paramount Gold Nevada

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.