Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Up 26.5% in January

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,529,482 shares, a growth of 26.5% from the December 31st total of 5,953,883 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 3,571,085 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 3,571,085 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Trading of Harmony Gold Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in HMY. Ariose Capital Management Ltd acquired a new position in shares of Harmony Gold Mining during the 3rd quarter worth $1,182,000. U S Global Investors Inc. boosted its holdings in Harmony Gold Mining by 105.3% during the second quarter. U S Global Investors Inc. now owns 307,960 shares of the mining company’s stock worth $4,302,000 after buying an additional 157,960 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Harmony Gold Mining during the second quarter worth about $3,609,000. Envestnet Asset Management Inc. increased its holdings in Harmony Gold Mining by 15.5% in the second quarter. Envestnet Asset Management Inc. now owns 184,507 shares of the mining company’s stock valued at $2,578,000 after buying an additional 24,779 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Harmony Gold Mining by 43.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 343,243 shares of the mining company’s stock valued at $4,795,000 after acquiring an additional 103,150 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 1.6%

Harmony Gold Mining stock traded down $0.35 during mid-day trading on Wednesday, hitting $20.96. The company had a trading volume of 4,580,178 shares, compared to its average volume of 5,063,441. The business has a fifty day moving average of $21.05 and a 200 day moving average of $18.02. Harmony Gold Mining has a 1 year low of $9.69 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Investec raised shares of Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.