Hochschild Mining PLC (OTCMKTS:HCHDF) Sees Large Drop in Short Interest

Key Points

• Hochschild Mining PLC experienced a notable 84.5% decline in short interest in August, with current short interest totaling just 23,400 shares, representing 0.0% of the company's shares.
• Wall Street analysts have rated Hochschild Mining positively, with two analysts giving a "Strong Buy" rating and an average rating of "Buy" for the stock.
• During trading, Hochschild Mining shares slightly decreased by 0.1%, reaching $4.51, with the stock having a 1-year low of $2.11 and a high of $4.73.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 23,400 shares, a drop of 84.5% from the August 15th total of 151,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 45,100 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 45,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Hochschild Mining Trading Down 2.4%

Shares of OTCMKTS:HCHDF traded down $0.11 on Tuesday, hitting $4.39. The company's stock had a trading volume of 15,865 shares, compared to its average volume of 40,610. The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. Hochschild Mining has a 12 month low of $2.11 and a 12 month high of $4.73. The stock's 50-day moving average is $4.00 and its two-hundred day moving average is $3.67.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank upgraded Hochschild Mining to a "strong-buy" rating in a research note on Friday, June 13th. Barclays restated an "overweight" rating on shares of Hochschild Mining in a research report on Wednesday, June 11th. Finally, Peel Hunt raised shares of Hochschild Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. The company holds 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru.