Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Update

Key Points

• Short interest fell 19.4% in February to about 4.997M shares (≈0.9% of shares short) with a days-to-cover of 1.1, indicating a notable pullback in bearish positioning.
• Wall Street sentiment is mixed-to-positive with a consensus rating of Moderate Buy and a $16.00 target (one Strong Buy, one Buy, three Holds).
• Institutions own roughly 31.8% of the stock and several funds modestly increased stakes recently; shares opened at $15.10 (down 5.5%) and trade below both the 50- and 200-day moving averages, while the company has a low debt-to-equity of 0.04.

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,997,514 shares, a decrease of 19.4% from the February 12th total of 6,199,163 shares. Based on an average daily volume of 4,657,984 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 4,657,984 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC increased its holdings in Harmony Gold Mining by 5.0% during the 4th quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company's stock worth $256,000 after purchasing an additional 607 shares in the last quarter. Shilanski & Associates Inc. boosted its position in shares of Harmony Gold Mining by 3.0% during the third quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company's stock worth $416,000 after buying an additional 670 shares during the period. Signaturefd LLC grew its holdings in shares of Harmony Gold Mining by 5.6% during the third quarter. Signaturefd LLC now owns 16,323 shares of the mining company's stock worth $296,000 after buying an additional 867 shares in the last quarter. Compound Planning Inc. boosted its position in Harmony Gold Mining by 3.5% during the 3rd quarter. Compound Planning Inc. now owns 26,673 shares of the mining company's stock worth $484,000 after acquiring an additional 913 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in Harmony Gold Mining by 4.6% during the second quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company's stock worth $318,000 after purchasing an additional 993 shares during the last quarter. 31.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HMY. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen lowered Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research cut Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Harmony Gold Mining has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Harmony Gold Mining Stock Down 5.5%

Shares of Harmony Gold Mining stock opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. The business has a 50-day moving average of $21.13 and a two-hundred day moving average of $19.01. Harmony Gold Mining has a 1 year low of $11.98 and a 1 year high of $26.06.

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.

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