Hycroft Mining Holding Co. (NASDAQ:HYMC) Sees Large Drop in Short Interest

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,190,000 shares, a decrease of 20.1% from the March 15th total of 1,490,000 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average trading volume of 207,100 shares, the days-to-cover ratio is presently 5.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC bought a new position in shares of Hycroft Mining during the 4th quarter worth about $1,919,000. Northern Trust Corp grew its stake in Hycroft Mining by 55.8% in the fourth quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock valued at $93,000 after acquiring an additional 15,124 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Hycroft Mining by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock valued at $192,000 after acquiring an additional 11,200 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hycroft Mining by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 204,018 shares of the company’s stock worth $451,000 after purchasing an additional 6,429 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock valued at $69,000 after purchasing an additional 9,000 shares during the period. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Stock Up 5.2 %

Hycroft Mining stock traded up $0.18 during trading hours on Friday, reaching $3.63. 396,793 shares of the company’s stock were exchanged, compared to its average volume of 228,673. The firm has a market capitalization of $90.66 million, a PE ratio of -1.36 and a beta of 2.10. The firm’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $2.51. Hycroft Mining has a twelve month low of $1.95 and a twelve month high of $4.02.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results on Wednesday, March 12th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.02).

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.