Hycroft Mining Holding Corporation (NASDAQ:HYMC) Short Interest Update

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,217,279 shares, a growth of 33.5% from the November 30th total of 2,410,710 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average trading volume of 1,627,512 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 1,627,512 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.0% of the company’s shares are sold short.

Hycroft Mining Stock Performance

NASDAQ:HYMC traded up $0.22 during trading hours on Tuesday, reaching $23.48. 3,994,304 shares of the stock were exchanged, compared to its average volume of 4,133,949. Hycroft Mining has a 52 week low of $2.00 and a 52 week high of $29.80. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $1.90 billion, a P/E ratio of -14.49 and a beta of 2.71. The firm has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $7.38.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Insider Activity at Hycroft Mining

In other news, major shareholder Eric Sprott acquired 7,690,000 shares of Hycroft Mining stock in a transaction dated Tuesday, October 14th. The shares were acquired at an average cost of $6.50 per share, with a total value of $49,985,000.00. Following the purchase, the insider directly owned 25,225,528 shares of the company’s stock, valued at approximately $163,965,932. This trade represents a 43.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 12,820,824 shares of company stock valued at $113,878,587. Company insiders own 1.31% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Hycroft Mining in the 3rd quarter worth approximately $96,000. Virtu Financial LLC lifted its stake in Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after purchasing an additional 2,700 shares during the last quarter. XTX Topco Ltd acquired a new stake in Hycroft Mining during the second quarter valued at approximately $101,000. Finally, Jane Street Group LLC bought a new stake in Hycroft Mining during the first quarter worth approximately $124,000. Institutional investors own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

HYMC has been the topic of several research reports. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

More Hycroft Mining News

Here are the key news stories impacting Hycroft Mining this week:

• Positive Sentiment: Eric Sprott bought a total of 700,000 Hycroft shares across Dec. 24, 26 and 29 (100k @ $24.79, 200k @ $24.93, 400k @ $22.70), spending roughly $16.55 million and increasing his stake to ~31.46M shares (a ~1.29% incremental increase on the most recent filing). Insider accumulation at these price levels is a clear confidence signal and likely adds direct buying pressure/support to the share price. Read More.
• Negative Sentiment: Unusually large put-option activity: traders purchased 9,876 put contracts on Monday — a 321% jump versus the typical daily put volume (~2,345). That represents a materially larger-than-normal bet on downside (roughly 987,600 shares of underlying exposure via standard 100-share contracts) and may signal increased bearish sentiment or hedging demand that can raise implied volatility and exert short-term downward pressure on the stock.

Hycroft Mining Company Profile

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.