Hochschild Mining PLC (OTCMKTS:HCHDF) Sees Significant Drop in Short Interest

Hochschild Mining PLC (OTCMKTS:HCHDF) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 8,329 shares, a drop of 55.3% from the June 30th total of 18,645 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,081 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hochschild Mining Stock Up 1.8%

Shares of OTCMKTS HCHDF traded up $0.10 during mid-day trading on Tuesday, reaching $6.00. 500 shares of the company traded hands, compared to its average volume of 22,116. The company’s fifty day moving average is $6.89 and its two-hundred day moving average is $8.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.99. Hochschild Mining has a fifty-two week low of $3.45 and a fifty-two week high of $11.23.

Hochschild Mining Company Profile

Hochschild Mining plc is a London‐based precious metals company engaged in the exploration, development and operation of underground silver and gold mines. The company focuses on extracting and processing high-grade ore through conventional underground mining methods, with silver as its primary product and gold as a valuable by‐product. Its operations encompass a full value chain, from exploration and feasibility studies to production and marketing of refined metals.

The company traces its heritage to early 20th‐century mining initiatives in South America and has built a strategic presence across Latin America.