Short Interest in Hycroft Mining Holding Corporation (NASDAQ:HYMC) Grows By 33.5%

Hycroft Mining Holding Corporation (NASDAQ:HYMC) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,217,279 shares, an increase of 33.5% from the November 30th total of 2,410,710 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average trading volume of 1,627,512 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 1,627,512 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.0% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, major shareholder Eric Sprott acquired 400,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were purchased at an average price of $22.70 per share, for a total transaction of $9,080,000.00. Following the acquisition, the insider owned 31,456,352 shares in the company, valued at approximately $714,059,190.40. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marni Wieshofer sold 3,859 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $13.37, for a total transaction of $51,594.83. Following the completion of the transaction, the director owned 70,125 shares of the company’s stock, valued at approximately $937,571.25. The trade was a 5.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have bought 12,820,824 shares of company stock worth $113,878,587 over the last ninety days. 1.31% of the stock is owned by insiders.

Institutional Trading of Hycroft Mining

A number of institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hycroft Mining by 18.8% in the third quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company’s stock worth $7,026,000 after purchasing an additional 179,050 shares in the last quarter. UBS Group AG increased its position in Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after buying an additional 828,625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hycroft Mining by 43.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock valued at $5,472,000 after buying an additional 268,633 shares in the last quarter. Finally, Sprott Inc. raised its holdings in Hycroft Mining by 11.7% during the third quarter. Sprott Inc. now owns 816,253 shares of the company’s stock valued at $5,061,000 after buying an additional 85,490 shares in the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Hycroft Mining

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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hycroft Mining currently has a consensus rating of “Sell”.

Hycroft Mining Stock Up 0.9%

Shares of Hycroft Mining stock traded up $0.22 on Tuesday, hitting $23.48. 3,994,304 shares of the company traded hands, compared to its average volume of 4,133,949. Hycroft Mining has a 12-month low of $2.00 and a 12-month 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 company has a market cap of $1.90 billion, a PE ratio of -14.49 and a beta of 2.71. The company has a 50-day moving average price of $12.18 and a 200 day moving average price of $7.38.

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

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.