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) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 174,300 shares, adecreaseof32.8% from the July 15th total of 259,300 shares. Currently,0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 721,100 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 721,100 shares, the short-interest ratio is currently 0.2 days. Currently,0.1% of the shares of the company are short sold.

Institutional Trading of Vista Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redmond Asset Management LLC increased its stake in Vista Gold by 2.2% in the second quarter. Redmond Asset Management LLC now owns 945,110 shares of the company's stock valued at $922,000 after acquiring an additional 20,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of Vista Gold during the first quarter worth approximately $30,000. Captrust Financial Advisors acquired a new stake in shares of Vista Gold during the second quarter worth approximately $40,000. Two Sigma Securities LLC bought a new position in shares of Vista Gold in the fourth quarter valued at approximately $25,000. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Vista Gold by 202.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 96,154 shares of the company's stock worth $94,000 after acquiring an additional 64,392 shares in the last quarter. Institutional investors own 27.29% of the company's stock.

Vista Gold Stock Down 6.8%

NYSE VGZ opened at $1.10 on Wednesday. The stock has a market cap of $137.70 million, a P/E ratio of 12.22 and a beta of 0.92. The company's 50-day simple moving average is $1.01 and its 200 day simple moving average is $0.90. Vista Gold has a twelve month low of $0.47 and a twelve month high of $1.30.

Analyst Ratings Changes

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

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