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Paramount Gold & Silver Corp. (NYSE:PZG) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 9,700,523 shares, a decline of 0.7% from the July 31st total of 9,772,853 shares, American Banking & Market News reports. Based on an average trading volume of 419,152 shares, the short-interest ratio is currently 23.1 days. Currently, 7.6% of the shares of the company are short sold.

Separately, analysts at Noble Financial initiated coverage on shares of Paramount Gold & Silver Corp. in a research note on Friday, August 1st. They set a “buy” rating and a $1.75 price target on the stock.

Shares of Paramount Gold & Silver Corp. (NYSE:PZG) opened at 1.02 on Thursday. Paramount Gold & Silver Corp. has a 1-year low of $0.78 and a 1-year high of $1.61. The stock’s 50-day moving average is $0.99 and its 200-day moving average is $1.1. The company’s market cap is $160.9 million.

Paramount Gold and Silver Corp. (NYSE:PZG) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico.

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