Vista Gold Corp. (NYSE:VGZ) Short Interest Down 28.6% in September

Key Points

• Vista Gold Corp. experienced a significant reduction in short interest, down 28.6% from 345,600 shares in August to 246,700 shares as of September 15th.
• The company's stock is currently priced at $2.18, with an average 12-month price target of $3.00 following a recent rating upgrade from HC Wainwright.
• Institutional investors have increased their stake, with notable investments including a 202.7% increase in holdings by Orion Portfolio Solutions during the second quarter.

Vista Gold Corp. (NYSE:VGZ - Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 246,700 shares, a drop of 28.6% from the August 31st total of 345,600 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is presently 0.2 days.

Vista Gold Stock Down 1.1%

Shares of Vista Gold stock opened at $2.18 on Tuesday. Vista Gold has a twelve month low of $0.47 and a twelve month high of $2.46. The stock has a market cap of $272.27 million, a price-to-earnings ratio of 24.17 and a beta of 1.03. The company's fifty day moving average is $1.49 and its 200 day moving average is $1.14.

Analyst Ratings Changes

Separately, HC Wainwright increased their price objective on Vista Gold from $2.75 to $3.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $3.00.

Hedge Funds Weigh In On Vista Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Redmond Asset Management LLC raised its holdings in shares of Vista Gold by 2.2% in the 2nd quarter. Redmond Asset Management LLC now owns 945,110 shares of the company's stock worth $922,000 after acquiring an additional 20,000 shares during the last quarter. Jane Street Group LLC bought a new position in Vista Gold in the 1st quarter valued at $30,000. Captrust Financial Advisors bought a new position in Vista Gold in the 2nd quarter valued at $40,000. Orion Porfolio Solutions LLC boosted its holdings in Vista Gold by 202.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company's stock valued at $94,000 after purchasing an additional 64,392 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Vista Gold by 4.2% in the 1st quarter. Cetera Investment Advisers now owns 2,080,700 shares of the company's stock valued at $1,723,000 after purchasing an additional 83,800 shares during the period. Institutional investors own 27.29% of the company's stock.

About Vista Gold

Vista Gold Corp., together with its subsidiaries, acquires, explores, evaluates, and advances gold exploration and development projects in Australia. Its flagship asset is the 100% owned Mt Todd gold project located in Northern Territory, Australia. The company was incorporated in 1983 and is based in Englewood, Colorado.

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