Short Interest in Hochschild Mining PLC (OTCMKTS:HCHDF) Rises By 3,592.7%

Key Points

• Short interest in Hochschild Mining PLC surged by 3,592.7% in August, increasing to 151,400 shares from 4,100 shares at the end of July, resulting in a short-interest ratio of 5.1 days.
• The company's shares traded up 7.4%, reaching $4.15, with a notable trading volume of 93,506 shares compared to its average of 31,590.
• Analysts have a positive outlook on Hochschild Mining, with two ratings marked as Strong Buy, indicating confidence in the stock's performance.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 151,400 shares, agrowthof3,592.7% from the July 31st total of 4,100 shares. Based on an average daily volume of 29,800 shares, the short-interest ratio is currently 5.1 days. Based on an average daily volume of 29,800 shares, the short-interest ratio is currently 5.1 days.

Hochschild Mining Trading Up 7.4%

Shares of HCHDF traded up $0.29 during mid-day trading on Tuesday, reaching $4.15. 93,506 shares of the company's stock were exchanged, compared to its average volume of 31,590. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.52. Hochschild Mining has a 52-week low of $2.10 and a 52-week high of $4.33.

Wall Street Analyst Weigh In

HCHDF has been the subject of several analyst reports. Scotiabank raised shares of Hochschild Mining to a "strong-buy" rating in a report on Friday, June 13th. Peel Hunt raised shares of Hochschild Mining to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Barclays reaffirmed an "overweight" rating on shares of Hochschild Mining in a report on Wednesday, June 11th. 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 company. Based on data from MarketBeat.com, Hochschild Mining presently has an average 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.

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