Vista Gold Corp. (NYSE:VGZ) Short Interest Down 32.8% in July

Key Points

• Vista Gold Corp. experienced a significant 32.8% decrease in short interest in July, bringing the total to 174,300 shares as of July 31st.
• Institutional investors now own 27.29% of Vista Gold shares, with several firms increasing their stakes, particularly Orion Portfolio Solutions LLC, which boosted holdings by 202.7%.
• Despite a 6.8% decline in stock price recently, analyst ratings remain optimistic, with HC Wainwright raising the price target to $3.00 and maintaining a "buy" rating.

Vista Gold Corp. (NYSE:VGZ - Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 174,300 shares, adropof32.8% from the July 15th total of 259,300 shares. Based on an average daily volume of 721,100 shares, the short-interest ratio is presently 0.2 days. Currently,0.1% of the shares of the stock are sold short. Currently,0.1% of the shares of the stock are sold short. Based on an average daily volume of 721,100 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Vista Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Vista Gold by 4.2% during the first quarter. Cetera Investment Advisers now owns 2,080,700 shares of the company's stock worth $1,723,000 after buying an additional 83,800 shares during the last quarter. Redmond Asset Management LLC boosted its stake in Vista Gold by 2.2% during the second quarter. Redmond Asset Management LLC now owns 945,110 shares of the company's stock worth $922,000 after buying an additional 20,000 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Vista Gold by 202.7% during the second quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company's stock worth $94,000 after buying an additional 64,392 shares during the last quarter. XTX Topco Ltd acquired a new position in Vista Gold during the first quarter worth $74,000. Finally, Raymond James Financial Inc. acquired a new position in Vista Gold during the fourth quarter worth $38,000. Institutional investors and hedge funds own 27.29% of the company's stock.

Vista Gold Trading Down 3.4%

NYSE VGZ traded down $0.04 on Friday, reaching $1.14. 995,778 shares of the company were exchanged, compared to its average volume of 630,220. The business's fifty day moving average price is $1.02 and its 200 day moving average price is $0.91. The stock has a market capitalization of $142.71 million, a P/E ratio of 12.67 and a beta of 0.92. Vista Gold has a fifty-two week low of $0.47 and a fifty-two week high of $1.30.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price target on Vista Gold from $2.75 to $3.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Vista Gold currently has an average rating of "Buy" and a consensus price target of $3.00.

Vista Gold Company Profile

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.