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

Hycroft Mining Holding Corporation (NASDAQ:HYMC) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,155,505 shares, an increase of 29.2% from the December 15th total of 3,217,279 shares. Based on an average trading volume of 6,697,505 shares, the days-to-cover ratio is presently 0.6 days. Currently, 5.1% of the company’s stock are sold short. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 6,697,505 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

HYMC has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hycroft Mining Trading Up 11.0%

Hycroft Mining stock opened at $38.45 on Tuesday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. Hycroft Mining has a 1 year low of $2.05 and a 1 year high of $37.66. The firm’s 50-day moving average is $18.40 and its 200-day moving average is $10.00. The company has a market cap of $3.19 billion, a P/E ratio of -22.74 and a beta of 2.64.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02.

Insider Activity at Hycroft Mining

In other Hycroft Mining news, major shareholder Eric Sprott purchased 2,340,824 shares of Hycroft Mining stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average price of $10.30 per share, with a total value of $24,110,487.20. Following the completion of the acquisition, the insider owned 29,466,352 shares of the company’s stock, valued at approximately $303,503,425.60. This trade represents a 8.63% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders bought 5,455,824 shares of company stock valued at $73,819,837 and sold 38,859 shares valued at $517,545. Company insiders own 1.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its position in Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after buying an additional 871,030 shares during the period. UBS Group AG increased its holdings in shares of Hycroft Mining by 711.9% in the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after acquiring an additional 828,625 shares during the period. LM Asset IM Inc. acquired a new stake in shares of Hycroft Mining in the 2nd quarter worth about $1,189,000. Millennium Management LLC bought a new stake in Hycroft Mining in the 3rd quarter valued at about $2,193,000. Finally, Two Sigma Investments LP boosted its stake in Hycroft Mining by 328.7% during the 3rd quarter. Two Sigma Investments LP now owns 387,375 shares of the company’s stock valued at $2,402,000 after purchasing an additional 297,007 shares during the period. 7.38% of the stock is currently owned by institutional investors.

Hycroft Mining Company Profile

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.