Hycroft Mining Holding Co. (NASDAQ:HYMC) Sees Large Decline in Short Interest

Hycroft Mining Holding Co. (NASDAQ:HYMC - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,190,000 shares, a drop of 20.1% from the March 15th total of 1,490,000 shares. Based on an average daily trading volume, of 207,100 shares, the short-interest ratio is presently 5.7 days. Approximately 5.9% of the company's shares are short sold.

Institutional Trading of Hycroft Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Hycroft Mining by 12.7% in the 3rd quarter. Geode Capital Management LLC now owns 197,589 shares of the company's stock valued at $494,000 after purchasing an additional 22,302 shares in the last quarter. Virtu Financial LLC lifted its holdings in Hycroft Mining by 59.9% during the third quarter. Virtu Financial LLC now owns 27,305 shares of the company's stock worth $68,000 after buying an additional 10,228 shares during the period. Global Retirement Partners LLC purchased a new stake in Hycroft Mining during the fourth quarter worth $92,000. Avantax Advisory Services Inc. boosted its position in Hycroft Mining by 40.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company's stock valued at $69,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Hycroft Mining by 14.8% in the 4th quarter. Renaissance Technologies LLC now owns 86,679 shares of the company's stock valued at $192,000 after acquiring an additional 11,200 shares during the period. 7.38% of the stock is currently owned by institutional investors.

Hycroft Mining Price Performance

HYMC stock traded down $0.09 during mid-day trading on Friday, reaching $3.50. The company had a trading volume of 141,274 shares, compared to its average volume of 227,711. The firm has a 50 day moving average of $2.93 and a 200 day moving average of $2.55. Hycroft Mining has a 12 month low of $1.95 and a 12 month high of $4.02. The company has a market capitalization of $87.44 million, a PE ratio of -1.32 and a beta of 2.10.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02).

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.