Harmony Gold Mining Short Interest Ratio and Short Volume

Short interest is the volume of Harmony Gold Mining shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 15,440,000 shares of HMY short.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Harmony Gold Mining currently has a short interest ratio of 3.0.

Harmony Gold Mining saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 15,440,000 shares, an increase of 8.6% from the previous total of 14,220,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of Harmony Gold Mining's shares are currently sold short. Here is how the short interest of companies in the industry of "gold & silver ores" compare to Harmony Gold Mining: Kirkland Lake Gold Ltd. (0.69%), Kinross Gold Co. (0.82%), AngloGold Ashanti Limited (0.00%), Gold Fields Limited (0.00%), Pan American Silver Corp. (1.15%), B2Gold Corp. (1.12%), Yamana Gold Inc. (0.58%), First Majestic Silver Corp. (7.13%), Alamos Gold Inc. (0.66%), and NovaGold Resources Inc. (3.29%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling HMY is an investing strategy that aims to generate trading profit from Harmony Gold Mining as its price is falling. Harmony Gold Mining's stock is trading down $0.03 today. To short Harmony Gold Mining stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Harmony Gold Mining will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Harmony Gold Mining occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of HMY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HMY, twice per month. The most recent reporting period available is March, 31 2021.