Hycroft Mining Holding Corporation (NASDAQ:HYMC) Short Interest Update

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 6,919,834 shares, a growth of 40.0% from the January 15th total of 4,941,988 shares. Approximately 8.4% of the company’s stock are short sold. Based on an average trading volume of 7,225,114 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 7,225,114 shares, the short-interest ratio is currently 1.0 days. Approximately 8.4% of the company’s stock are short sold.

Insider Transactions at Hycroft Mining

In other Hycroft Mining news, major shareholder Eric Sprott purchased 200,000 shares of Hycroft Mining stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $45.99 per share, with a total value of $9,198,000.00. Following the completion of the acquisition, the insider owned 36,753,704 shares of the company’s stock, valued at approximately $1,690,302,846.96. This trade represents a 0.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Brian Thomas sold 15,000 shares of Hycroft Mining stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $21.21, for a total value of $318,150.00. Following the sale, the senior vice president owned 81,070 shares in the company, valued at $1,719,494.70. This represents a 15.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 4,755,824 shares of company stock worth $79,273,837. Corporate insiders own 1.31% of the company’s stock.

Institutional Investors Weigh In On Hycroft Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Hycroft Mining by 150.2% in the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after acquiring an additional 1,702,288 shares during the period. Franklin Resources Inc. bought a new stake in shares of Hycroft Mining in the 4th quarter worth approximately $39,815,000. Schroder Investment Management Group bought a new stake in shares of Hycroft Mining in the 4th quarter worth approximately $36,366,000. Tidal Investments LLC lifted its holdings in shares of Hycroft Mining by 125.3% in the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares during the last quarter. Finally, UBS Group AG boosted its position in Hycroft Mining by 711.9% during the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after purchasing an additional 828,625 shares during the period. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Stock Performance

HYMC traded up $2.45 during trading hours on Monday, hitting $35.55. 3,645,445 shares of the stock were exchanged, compared to its average volume of 5,607,599. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -21.94 and a beta of 2.61. The stock has a 50-day simple moving average of $30.13 and a 200-day simple moving average of $15.03. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. Hycroft Mining has a 12 month low of $2.22 and a 12 month high of $58.73.

Wall Street Analyst Weigh In

A number of research firms have commented on HYMC. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Hycroft Mining

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.