Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Up 435.4% in November

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

Institutional Trading of 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 filing with the Securities and Exchange Commission (SEC). The fund owned 670,904 shares of the basic materials company’s stock after purchasing 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 quarter. 4.51% of the stock is owned by institutional investors and hedge funds.

Paramount Gold Nevada Stock Performance

Shares of PZG stock traded down $0.02 during trading hours on Wednesday, reaching $0.34. 85,431 shares of the company’s stock were exchanged, compared to its average volume of 165,406. The company has a current ratio of 10.51, a quick ratio of 10.50 and a debt-to-equity ratio of 0.40. The company has a market cap of $22.48 million, a price-to-earnings ratio of -2.96 and a beta of 1.86. Paramount Gold Nevada has a 1 year low of $0.30 and a 1 year high of $0.69.

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

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.