Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Down 86.5% in February

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 141,800 shares, a decline of 86.5% from the January 31st total of 1,050,000 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is presently 8.6 days. Currently, 3.9% of the company’s stock are sold short.

Hydrofarm Holdings Group Stock Down 2.1 %

Hydrofarm Holdings Group stock opened at $5.10 on Friday. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $23.54 million, a P/E ratio of -0.36 and a beta of 1.99. The business has a fifty day moving average of $6.10 and a two-hundred day moving average of $6.28. Hydrofarm Holdings Group has a twelve month low of $4.30 and a twelve month high of $12.00.

Institutional Investors Weigh In On Hydrofarm Holdings Group

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its stake in Hydrofarm Holdings Group by 82.2% in the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after purchasing an additional 20,357 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Hydrofarm Holdings Group by 80.3% in the 3rd quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after buying an additional 19,147 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Hydrofarm Holdings Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock worth $328,000 after buying an additional 26,350 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Hydrofarm Holdings Group during the 4th quarter worth approximately $33,000. Finally, Cannell Capital LLC lifted its position in Hydrofarm Holdings Group by 17.3% during the fourth quarter. Cannell Capital LLC now owns 451,372 shares of the company’s stock valued at $262,000 after acquiring an additional 66,619 shares during the last quarter. 26.61% of the stock is currently owned by hedge funds and other institutional investors.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.