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

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 268,168 shares, an increase of 276.5% from the July 30th total of 71,218 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average trading volume of 15,685,994 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hydrofarm Holdings Group presently has an average rating of “Sell”.

Hedge Funds Weigh In On Hydrofarm Holdings Group

A number of institutional investors have recently made changes to their positions in HYFM. Jane Street Group LLC acquired a new position in shares of Hydrofarm Holdings Group during the 4th quarter worth about $34,000. BlackRock Inc. acquired a new stake in Hydrofarm Holdings Group in the 2nd quarter valued at approximately $43,000. DRW Securities LLC grew its holdings in Hydrofarm Holdings Group by 261.4% in the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after buying an additional 28,093 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Hydrofarm Holdings Group in the 3rd quarter worth approximately $59,000. 26.61% of the stock is currently owned by institutional investors.

Hydrofarm Holdings Group Trading Down 6.8%

NASDAQ:HYFM opened at $0.88 on Thursday. The firm has a market capitalization of $4.17 million, a PE ratio of -0.01 and a beta of 2.35. Hydrofarm Holdings Group has a 1 year low of $0.50 and a 1 year high of $4.76. The firm’s fifty day simple moving average is $1.00 and its 200 day simple moving average is $1.06.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its earnings results on Friday, August 14th. The company reported ($2.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($1.34). Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 267.20%.The firm had revenue of $23.21 million for the quarter, compared to analyst estimates of $58.20 million.

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.