Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Increases By 10.9%

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,050,000 shares, an increase of 10.9% from the March 15th total of 946,900 shares. Currently, 6.4% of the shares of the company are sold short. Based on an average daily volume of 281,000 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Trading of Hycroft Mining

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Hycroft Mining by 302.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,111,100 shares of the company’s stock worth $3,453,000 after buying an additional 2,337,300 shares in the last quarter. Geode Capital Management LLC grew its position in Hycroft Mining by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 2,784,230 shares of the company’s stock worth $1,204,000 after acquiring an additional 45,848 shares during the last quarter. State Street Corp grew its position in Hycroft Mining by 1.0% during the 3rd quarter. State Street Corp now owns 2,623,312 shares of the company’s stock worth $1,586,000 after acquiring an additional 27,035 shares during the last quarter. Northern Trust Corp grew its position in Hycroft Mining by 1,771.2% during the 2nd quarter. Northern Trust Corp now owns 1,240,532 shares of the company’s stock worth $1,377,000 after acquiring an additional 1,174,235 shares during the last quarter. Finally, Millennium Management LLC grew its position in Hycroft Mining by 440.7% during the 4th quarter. Millennium Management LLC now owns 652,936 shares of the company’s stock worth $347,000 after acquiring an additional 532,175 shares during the last quarter. Institutional investors own 7.38% of the company’s stock.

Hycroft Mining Price Performance

Shares of NASDAQ:HYMC opened at $3.76 on Wednesday. The business has a 50 day moving average price of $2.46 and a 200 day moving average price of $2.37. Hycroft Mining has a twelve month low of $1.63 and a twelve month high of $5.27. The company has a market cap of $78.96 million, a price-to-earnings ratio of -1.30 and a beta of 2.17. The company has a quick ratio of 9.51, a current ratio of 9.67 and a debt-to-equity ratio of 11.27.

Hycroft Mining Company Profile

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.