Hycroft Mining Holding Co. (NASDAQ:HYMC) Short Interest Update

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,050,000 shares, a growth of 10.9% from the March 15th total of 946,900 shares. Based on an average trading volume of 281,000 shares, the short-interest ratio is presently 3.7 days. Currently, 6.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Hycroft Mining by 10.4% during the first quarter. State Street Corp now owns 112,520 shares of the company’s stock worth $259,000 after purchasing an additional 10,607 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Hycroft Mining during the second quarter worth $31,000. JPMorgan Chase & Co. boosted its position in shares of Hycroft Mining by 36.7% during the first quarter. JPMorgan Chase & Co. now owns 118,562 shares of the company’s stock worth $51,000 after purchasing an additional 31,802 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Hycroft Mining by 200.5% during the third quarter. Jane Street Group LLC now owns 48,017 shares of the company’s stock worth $29,000 after purchasing an additional 32,037 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Hycroft Mining by 8.8% during the third quarter. Bank of New York Mellon Corp now owns 451,441 shares of the company’s stock worth $273,000 after purchasing an additional 36,372 shares in the last quarter. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $3.86 on Monday. The company’s fifty day moving average is $2.38 and its 200-day moving average is $2.36. Hycroft Mining has a twelve month low of $1.63 and a twelve month high of $5.78. The company has a debt-to-equity ratio of 11.27, a current ratio of 9.67 and a quick ratio of 9.51.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.