Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Sees Large Increase in Short Interest

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 54,114 shares, an increase of 74.7% from the February 26th total of 30,968 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 68,516 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Hydrofarm Holdings Group

Several hedge funds have recently made changes to their positions in the business. DRW Securities LLC raised its holdings in shares of Hydrofarm Holdings Group by 261.4% in the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after purchasing an additional 28,093 shares during the last quarter. Jane Street Group LLC acquired a new position in Hydrofarm Holdings Group during the fourth quarter worth $34,000. Finally, Citadel Advisors LLC acquired a new position in Hydrofarm Holdings Group during the third quarter worth $59,000. 26.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hydrofarm Holdings Group Stock Down 4.4%

HYFM stock traded down $0.05 during trading hours on Friday, reaching $1.01. 84,716 shares of the stock were exchanged, compared to its average volume of 44,882. The firm’s 50-day moving average is $1.35 and its 200-day moving average is $2.01. The company has a market cap of $4.73 million, a price-to-earnings ratio of -0.07 and a beta of 2.45. 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 12 month low of $0.86 and a 12 month high of $4.78.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its quarterly earnings results on Friday, March 27th. The company reported ($51.89) EPS for the quarter. The firm had revenue of $25.12 million during the quarter. Hydrofarm Holdings Group had a negative net margin of 44.49% and a negative return on equity of 32.29%. On average, equities research analysts expect that Hydrofarm Holdings Group will post -13.3 earnings per share for the current year.

About Hydrofarm Holdings Group

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.