Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Sees Significant Decline in Short Interest

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 41,145 shares, a decrease of 47.9% from the December 15th total of 79,002 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 60,415 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 60,415 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC purchased a new position in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned about 0.39% of Hydrofarm Holdings Group at the end of the most recent reporting period. 26.61% of the stock is currently owned by institutional investors and hedge funds.

Hydrofarm Holdings Group Price Performance

Shares of NASDAQ HYFM traded down $0.05 during trading on Friday, hitting $1.64. The company had a trading volume of 16,891 shares, compared to its average volume of 45,795. The firm has a market capitalization of $7.66 million, a price-to-earnings ratio of -0.12 and a beta of 2.32. The stock has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $2.99. The company has a quick ratio of 0.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.67. Hydrofarm Holdings Group has a fifty-two week low of $1.45 and a fifty-two week high of $6.89.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($3.51) earnings per share for the quarter, missing the consensus estimate of ($3.09) by ($0.42). Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%.The company had revenue of $29.35 million for the quarter, compared to analyst estimates of $35.73 million. On average, research analysts expect that Hydrofarm Holdings Group will post -13.3 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.