Short Interest in Harmony Gold Mining Co. (HMY) Expands By 41.8%

Harmony Gold Mining Co. (NYSE:HMY) was the recipient of a large increase in short interest during the month of December. As of December 29th, there was short interest totalling 6,187,364 shares, an increase of 41.8% from the December 15th total of 4,364,797 shares. Based on an average daily volume of 2,047,464 shares, the days-to-cover ratio is presently 3.0 days.

Large investors have recently added to or reduced their stakes in the company. U S Global Investors Inc. increased its stake in shares of Harmony Gold Mining by 14.3% in the 3rd quarter. U S Global Investors Inc. now owns 476,500 shares of the mining company’s stock valued at $871,000 after acquiring an additional 59,608 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at $245,000. Allianz Asset Management GmbH bought a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at $1,353,000. Sensato Investors LLC increased its stake in shares of Harmony Gold Mining by 454.3% in the 2nd quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock valued at $3,312,000 after acquiring an additional 1,645,198 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Harmony Gold Mining by 39.8% in the 2nd quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock valued at $859,000 after acquiring an additional 148,294 shares in the last quarter. Institutional investors own 24.90% of the company’s stock.

Harmony Gold Mining (HMY) opened at $1.83 on Tuesday. The stock has a market cap of $797.71, a P/E ratio of 36.60 and a beta of -1.98. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. Harmony Gold Mining has a fifty-two week low of $1.56 and a fifty-two week high of $2.99.

HMY has been the subject of several analyst reports. Deutsche Bank upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Bank of America lowered shares of Harmony Gold Mining from a “buy” rating to a “neutral” rating in a report on Friday, October 20th. Finally, ValuEngine upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold”.

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About Harmony Gold Mining

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

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