Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Update

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,050,000 shares, a drop of 6.3% from the November 30th total of 1,120,000 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 134,200 shares, the days-to-cover ratio is presently 7.8 days.

Hedge Funds Weigh In On Hydrofarm Holdings Group

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its holdings in 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 purchasing an additional 19,147 shares during the period. Jane Street Group LLC raised its position in shares of Hydrofarm Holdings Group by 82.2% in the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock worth $31,000 after buying an additional 20,357 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hydrofarm Holdings Group by 5.9% during the third quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after buying an additional 26,350 shares during the period. Finally, Renaissance Technologies LLC grew its position in Hydrofarm Holdings Group by 6.7% during the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock worth $504,000 after buying an additional 45,800 shares in the last quarter. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Trading Up 0.8 %

Shares of HYFM opened at $0.58 on Wednesday. Hydrofarm Holdings Group has a twelve month low of $0.43 and a twelve month high of $1.20. The stock has a market cap of $26.76 million, a PE ratio of -0.41 and a beta of 1.91. 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 business’s 50-day moving average price is $0.65 and its 200-day moving average price is $0.64.

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.