Hycroft Mining Holding Co. (NASDAQ:HYMC) Sees Significant Growth in Short Interest

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,050,000 shares, a growth of 10.9% from the March 15th total of 946,900 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average trading volume of 281,000 shares, the short-interest ratio is presently 3.7 days.

Institutional Trading of Hycroft Mining

Several hedge funds have recently modified their holdings of the company. State Street Corp grew its position in Hycroft Mining by 10.4% during the 1st quarter. State Street Corp now owns 112,520 shares of the company’s stock worth $259,000 after acquiring an additional 10,607 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Hycroft Mining in the second quarter worth $31,000. JPMorgan Chase & Co. grew its holdings in shares of Hycroft Mining by 36.7% during the first quarter. JPMorgan Chase & Co. now owns 118,562 shares of the company’s stock worth $51,000 after purchasing an additional 31,802 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Hycroft Mining by 200.5% in the third quarter. Jane Street Group LLC now owns 48,017 shares of the company’s stock valued at $29,000 after buying an additional 32,037 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hycroft Mining by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 451,441 shares of the company’s stock valued at $273,000 after buying an additional 36,372 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $3.86 on Tuesday. Hycroft Mining has a 52-week low of $1.63 and a 52-week high of $5.27. The business has a fifty day moving average of $2.42 and a two-hundred day moving average of $2.37. The company has a debt-to-equity ratio of 11.27, a current ratio of 9.67 and a quick ratio of 9.51.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.