Hycroft Mining Holding Corporation (NASDAQ:HYMC) Short Interest Update

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 6,919,834 shares, an increase of 40.0% from the January 15th total of 4,941,988 shares. Approximately 8.4% of the company’s shares are short sold. Based on an average daily volume of 7,225,114 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 7,225,114 shares, the short-interest ratio is currently 1.0 days. Approximately 8.4% of the company’s shares are short sold.

Hycroft Mining Price Performance

Shares of HYMC stock opened at $35.55 on Friday. The business’s fifty day moving average is $30.13 and its 200 day moving average is $14.95. 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 stock has a market cap of $2.95 billion, a price-to-earnings ratio of -21.94 and a beta of 2.62. Hycroft Mining has a twelve month low of $2.22 and a twelve month high of $58.73.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining presently has a consensus rating of “Sell”.

Insider Activity

In related news, SVP David Brian Thomas sold 15,000 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $21.21, for a total transaction of $318,150.00. Following the transaction, the senior vice president owned 81,070 shares in the company, valued at $1,719,494.70. The trade was a 15.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Eric Sprott acquired 200,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was acquired at an average price of $45.99 per share, with a total value of $9,198,000.00. Following the acquisition, the insider owned 36,753,704 shares in the company, valued at approximately $1,690,302,846.96. This trade represents a 0.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 4,755,824 shares of company stock worth $79,273,837 over the last three months. 1.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its holdings in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE grew its stake in shares of Hycroft Mining by 166.6% in the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after buying an additional 2,537 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Hycroft Mining in the 4th quarter worth approximately $71,000. Kestra Advisory Services LLC bought a new position in Hycroft Mining during the 4th quarter valued at approximately $81,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Hycroft Mining during the third quarter valued at $96,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

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.