Vista Gold Corp. (VGZ) Sees Significant Increase in Short Interest

Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,590,486 shares, a growth of 6.0% from the November 30th total of 1,500,052 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 423,911 shares, the days-to-cover ratio is currently 3.8 days.

In other Vista Gold news, Director Tracy Austin Stevenson purchased 50,000 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average price of $0.61 per share, with a total value of $30,500.00. Following the acquisition, the director now directly owns 285,398 shares of the company’s stock, valued at approximately $174,092.78. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Vista Gold (NYSEAMERICAN VGZ) traded down $0.01 during midday trading on Wednesday, reaching $0.66. 331,500 shares of the company traded hands, compared to its average volume of 296,240. The firm has a market cap of $63.72, a P/E ratio of -6.60 and a beta of -1.99. Vista Gold has a 1-year low of $0.60 and a 1-year high of $1.24.

VGZ has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Vista Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. HC Wainwright restated a “buy” rating and issued a $2.25 target price on shares of Vista Gold in a research note on Wednesday, October 25th.

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Vista Gold Company Profile

Vista Gold Corp. is engaged in the gold mining industry. The Company focuses on the evaluation, acquisition, exploration and advancement of gold exploration. The Company operates in the segment of evaluation, acquisition and exploration activities, which focus principally in Australia. The Company’s principal asset is its Mt Todd gold project in Northern Territory, Australia.

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