Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Decreases By 17.2%

Posted by on Jun 16th, 2022

Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 4,710,000 shares, a decline of 17.2% from the May 15th total of 5,690,000 shares. Based on an average daily trading volume, of 52,710,000 shares, the days-to-cover ratio is presently 0.1 days.

HYMC traded up $0.07 during trading on Thursday, hitting $1.45. The stock had a trading volume of 292,486 shares, compared to its average volume of 32,352,580. The company has a debt-to-equity ratio of 1.38, a quick ratio of 11.74 and a current ratio of 12.47. The firm has a market capitalization of $285.69 million, a P/E ratio of -0.87 and a beta of 1.87. The company’s 50-day moving average price is $1.47 and its 200 day moving average price is $1.03. Hycroft Mining has a twelve month low of $0.28 and a twelve month high of $3.53.

Hycroft Mining (NASDAQ:HYMC – Get Rating) last issued its earnings results on Thursday, March 31st. The company reported ($0.78) EPS for the quarter. The business had revenue of $24.02 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its position in shares of Hycroft Mining by 1,749.6% in the 4th quarter. Citadel Advisors LLC now owns 49,292 shares of the company’s stock worth $30,000 after buying an additional 46,627 shares in the last quarter. Deltec Asset Management LLC purchased a new stake in shares of Hycroft Mining in the 4th quarter worth about $31,000. Hohimer Wealth Management LLC purchased a new stake in shares of Hycroft Mining in the 1st quarter worth about $53,000. Buckingham Strategic Partners purchased a new stake in shares of Hycroft Mining in the 1st quarter worth about $69,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Hycroft Mining in the 1st quarter worth about $76,000. Institutional investors own 76.40% of the company’s stock.

Hycroft Mining Company Profile (Get Rating)

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 covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver.

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