Short Interest in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Decreases By 47.9%

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 41,145 shares, a decline of 47.9% from the December 15th total of 79,002 shares. Based on an average trading volume of 60,415 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 60,415 shares, the days-to-cover ratio is presently 0.7 days.

Hydrofarm Holdings Group Trading Down 2.0%

NASDAQ HYFM traded down $0.04 on Thursday, hitting $1.69. 27,824 shares of the stock were exchanged, compared to its average volume of 49,044. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $3.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.08 and a quick ratio of 0.81. Hydrofarm Holdings Group has a 52-week low of $1.45 and a 52-week high of $6.89. The company has a market capitalization of $7.87 million, a price-to-earnings ratio of -0.12 and a beta of 2.32.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its earnings results on Wednesday, November 12th. The company reported ($3.51) EPS for the quarter, missing the consensus estimate of ($3.09) by ($0.42). Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%.The business had revenue of $29.35 million during the quarter, compared to analyst estimates of $35.73 million. Research analysts predict that Hydrofarm Holdings Group will post -13.3 EPS for the current year.

Hedge Funds Weigh In On Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC bought a new stake in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned 0.39% of Hydrofarm Holdings Group at the end of the most recent reporting period. Institutional investors own 26.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hydrofarm Holdings Group currently has a consensus rating of “Sell”.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.