Short Interest in Hochschild Mining PLC (OTCMKTS:HCHDF) Decreases By 59.8%

Key Points

• Short interest in Hochschild Mining PLC dropped by 59.8% in September, from 23,400 shares to 9,400 shares, indicating a significant decrease in bearish sentiment.
• Analysts have upgraded Hochschild Mining with a consensus average rating of "Buy", featuring two "strong-buy" ratings and one "buy" rating.
• Hochschild Mining's shares traded up 1.6% to $5.02, with a notable trading volume of 118,140 shares on the last trading day compared to its average of 42,010 shares.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 9,400 shares, a drop of 59.8% from the August 31st total of 23,400 shares. Based on an average trading volume of 117,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 117,700 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities research analysts have commented on HCHDF shares. Scotiabank raised Hochschild Mining to a "strong-buy" rating in a report on Friday, June 13th. Barclays reaffirmed an "overweight" rating on shares of Hochschild Mining in a research note on Wednesday, June 11th. Finally, Peel Hunt upgraded Hochschild Mining to a "strong-buy" rating in a report on Thursday, June 12th. Two research 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 company. Based on data from MarketBeat, Hochschild Mining presently has an average rating of "Buy".

Hochschild Mining Trading Up 1.6%

Shares of HCHDF stock traded up $0.08 during trading hours on Friday, hitting $5.02. 118,140 shares of the company were exchanged, compared to its average volume of 42,010. The business's 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $3.84. Hochschild Mining has a one year low of $2.11 and a one year high of $5.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.75.

Hochschild Mining Company Profile

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.

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