Harmony Gold Mining Co. (NYSE:HMY) saw a large growth in short interest in the month of March. As of March 29th, there was short interest totalling 9,488,664 shares, a growth of 77.5% from the March 15th total of 5,346,108 shares. Based on an average daily trading volume, of 5,348,609 shares, the short-interest ratio is presently 1.8 days.

A number of institutional investors have recently made changes to their positions in the business. Deutsche Bank AG grew its position in Harmony Gold Mining by 3,153.5% in the 4th quarter. Deutsche Bank AG now owns 2,562,617 shares of the mining company’s stock valued at $4,587,000 after acquiring an additional 2,483,852 shares during the last quarter. American Century Companies Inc. bought a new position in Harmony Gold Mining in the 4th quarter valued at $519,000. Millennium Management LLC bought a new position in Harmony Gold Mining in the 4th quarter valued at $3,985,000. D. E. Shaw & Co. Inc. grew its position in Harmony Gold Mining by 507.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 583,295 shares of the mining company’s stock valued at $1,044,000 after acquiring an additional 487,348 shares during the last quarter. Finally, Two Sigma Securities LLC grew its position in Harmony Gold Mining by 237.6% in the 4th quarter. Two Sigma Securities LLC now owns 162,373 shares of the mining company’s stock valued at $291,000 after acquiring an additional 114,271 shares during the last quarter. 32.24% of the stock is currently owned by institutional investors.

Shares of Harmony Gold Mining stock opened at $1.87 on Tuesday. The firm has a market capitalization of $833.87 million, a price-to-earnings ratio of 14.38 and a beta of -1.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 1.38. Harmony Gold Mining has a 52 week low of $1.42 and a 52 week high of $2.20.

HMY has been the topic of several recent research reports. Zacks Investment Research lowered Harmony Gold Mining from a “buy” rating to a “sell” rating in a report on Monday, February 25th. JPMorgan Chase & Co. raised Harmony Gold Mining from an “underweight” rating to an “overweight” rating and set a $2.11 price objective on the stock in a research report on Thursday, February 21st. Finally, ValuEngine raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th.

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Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

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