Hycroft Mining Holding Co. (NASDAQ:HYMC) Sees Significant Decrease in Short Interest

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the target of a large decrease in short interest in 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. Based on an average trading volume of 207,100 shares, the short-interest ratio is presently 5.7 days. Approximately 5.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HYMC. Virtu Financial LLC increased its position in Hycroft Mining by 59.9% in the 3rd quarter. Virtu Financial LLC now owns 27,305 shares of the company’s stock valued at $68,000 after acquiring an additional 10,228 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Hycroft Mining by 40.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock worth $69,000 after acquiring an additional 9,000 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Hycroft Mining during the fourth quarter valued at about $92,000. Northern Trust Corp boosted its stake in Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company’s stock worth $93,000 after purchasing an additional 15,124 shares during the period. Finally, Renaissance Technologies LLC grew 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 buying an additional 11,200 shares in the last quarter. 7.38% of the stock is currently owned by institutional investors.

Hycroft Mining Price Performance

Hycroft Mining stock traded down $0.04 during mid-day trading on Tuesday, hitting $3.55. 193,241 shares of the company were exchanged, compared to its average volume of 224,994. The business’s 50 day simple moving average is $2.88 and its two-hundred day simple moving average is $2.52. Hycroft Mining has a 12-month low of $1.95 and a 12-month high of $4.02. The company has a market capitalization of $88.56 million, a P/E ratio of -1.33 and a beta of 2.10.

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

About Hycroft Mining

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.