Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Expands By 5.7%

Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 10,700,000 shares, an increase of 5.7% from the December 15th total of 10,120,000 shares. Based on an average trading volume of 2,320,000 shares, the short-interest ratio is presently 4.6 days.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $0.62 on Wednesday. Hycroft Mining has a one year low of $0.28 and a one year high of $3.10. The company’s 50-day moving average is $0.62 and its 200 day moving average is $0.74. The company has a market capitalization of $124.60 million, a price-to-earnings ratio of -0.53 and a beta of 1.91. The company has a debt-to-equity ratio of 1.87, a quick ratio of 9.24 and a current ratio of 9.94.

Hycroft Mining (NASDAQ:HYMC – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.08) EPS for the quarter. Hycroft Mining had a negative net margin of 205.63% and a negative return on equity of 192.29%. The firm had revenue of $8.76 million for the quarter.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Mudrick Capital Management, L. sold 620,033 shares of the stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $0.66, for a total transaction of $409,221.78. Following the transaction, the insider now directly owns 22,011,216 shares in the company, valued at approximately $14,527,402.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 4,424,168 shares of company stock valued at $2,697,128 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Hycroft Mining

Several institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in Hycroft Mining by 10.4% during the 1st quarter. State Street Corp now owns 112,520 shares of the company’s stock valued at $259,000 after purchasing an additional 10,607 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Hycroft Mining during the 2nd quarter valued at about $31,000. Jane Street Group LLC boosted its holdings in shares of Hycroft Mining by 200.5% during the 3rd quarter. Jane Street Group LLC now owns 48,017 shares of the company’s stock valued at $29,000 after acquiring an additional 32,037 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hycroft Mining by 8.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 451,441 shares of the company’s stock valued at $273,000 after acquiring an additional 36,372 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Hycroft Mining by 201.4% during the 3rd quarter. SG Americas Securities LLC now owns 59,598 shares of the company’s stock valued at $36,000 after acquiring an additional 39,823 shares during the last quarter. 32.07% of the stock is owned by hedge funds and other institutional investors.

Hycroft Mining Company Profile

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Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.