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

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,550,000 shares, a decrease of 10.9% from the January 15th total of 1,740,000 shares. Based on an average trading volume of 218,800 shares, the short-interest ratio is presently 7.1 days. Approximately 7.7% of the company’s stock are sold short.

Hycroft Mining Trading Up 0.7 %

Shares of HYMC traded up $0.02 on Tuesday, reaching $2.79. The stock had a trading volume of 163,557 shares, compared to its average volume of 206,031. The company has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.34. Hycroft Mining has a 12-month low of $1.87 and a 12-month high of $4.65.

Institutional Trading of Hycroft Mining

Hedge funds have recently modified their holdings of the business. Tidal Investments LLC bought a new position in shares of Hycroft Mining in the 4th quarter worth about $1,919,000. Geode Capital Management LLC increased its stake in shares of Hycroft Mining by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 204,018 shares of the company’s stock valued at $451,000 after purchasing an additional 6,429 shares in the last quarter. Renaissance Technologies LLC lifted 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 purchasing an additional 11,200 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Hycroft Mining in the 4th quarter worth approximately $92,000. Institutional investors own 7.38% of the company’s stock.

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.