Hycroft Mining Holding Co. (NASDAQ:HYMC) Short Interest Up 20.5% in May

Hycroft Mining Holding Co. (NASDAQ:HYMC - Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,350,000 shares, a growth of 20.5% from the April 30th total of 1,120,000 shares. Based on an average daily volume of 245,200 shares, the short-interest ratio is presently 5.5 days. Currently, 6.7% of the company's stock are sold short.

Hycroft Mining Stock Performance

HYMC traded up $0.22 on Friday, hitting $4.34. The company had a trading volume of 619,710 shares, compared to its average volume of 218,065. The stock has a fifty day moving average price of $3.21 and a 200-day moving average price of $2.71. Hycroft Mining has a 12-month low of $1.95 and a 12-month high of $4.60. The stock has a market capitalization of $108.43 million, a price-to-earnings ratio of -2.04 and a beta of 2.21.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.04).

Institutional Investors Weigh In On Hycroft Mining

Large investors have recently modified their holdings of the business. Avantax Advisory Services Inc. grew its stake in shares of Hycroft Mining by 40.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company's stock worth $69,000 after acquiring an additional 9,000 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Hycroft Mining in the 4th quarter valued at $92,000. Northern Trust Corp lifted its stake in shares of Hycroft Mining by 55.8% in the 4th quarter. Northern Trust Corp now owns 42,241 shares of the company's stock valued at $93,000 after purchasing an additional 15,124 shares during the period. Jane Street Group LLC acquired a new position in shares of Hycroft Mining in the 1st quarter valued at $124,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hycroft Mining in the 1st quarter valued at $136,000. Hedge funds and other institutional investors own 7.38% of the company's stock.

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.