Vista Gold Corp. (VGZ) Sees Large Drop in Short Interest

Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) was the target of a large drop in short interest during the month of September. As of September 28th, there was short interest totalling 919,535 shares, a drop of 2.2% from the September 14th total of 940,686 shares. Based on an average trading volume of 106,709 shares, the short-interest ratio is currently 8.6 days. Approximately 1.0% of the company’s shares are short sold.

Shares of VGZ opened at $0.56 on Friday. Vista Gold has a 1-year low of $0.45 and a 1-year high of $0.87.

Vista Gold (NYSEAMERICAN:VGZ) (TSE:VGZ) last announced its earnings results on Wednesday, July 25th. The basic materials company reported ($0.02) earnings per share for the quarter.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Vista Gold from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a report on Friday, August 3rd. HC Wainwright set a $3.00 price target on shares of Vista Gold and gave the stock a “buy” rating in a report on Monday, July 30th.

About Vista Gold

Vista Gold Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects primarily in Australia. Its flagship asset is its 100% owned Mt Todd gold project located in Northern Territory. The company was founded in 1983 and is based in Littleton, Colorado.

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