Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Up 12.5% in December

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 9,460,000 shares, an increase of 12.5% from the November 30th total of 8,410,000 shares. Based on an average daily trading volume, of 4,420,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

HMY has been the subject of several analyst reports. Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th.

Harmony Gold Mining Stock Performance

NYSE:HMY traded up $0.07 during trading hours on Wednesday, reaching $8.21. The company had a trading volume of 3,123,340 shares, compared to its average volume of 4,820,089. The firm has a market cap of $5.21 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72. Harmony Gold Mining has a 1-year low of $5.40 and a 1-year high of $12.29. The business’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Institutional Trading of Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in Harmony Gold Mining during the second quarter valued at $41,000. Wallace Advisory Group LLC acquired a new position in shares of Harmony Gold Mining during the 2nd quarter worth about $94,000. International Assets Investment Management LLC purchased a new position in Harmony Gold Mining in the 3rd quarter valued at about $1,035,000. Finally, Ground Swell Capital LLC acquired a new stake in Harmony Gold Mining in the 3rd quarter worth about $115,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.