Short Interest in Hochschild Mining PLC (OTCMKTS:HCHDF) Declines By 75.5%

Hochschild Mining PLC (OTCMKTS:HCHDF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 12,107 shares, a decrease of 75.5% from the August 15th total of 49,447 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 16,019 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Jefferies Financial Group initiated coverage on Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating for the company. Finally, Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Hochschild Mining Stock Up 0.3%

HCHDF stock traded up $0.02 during trading on Friday, hitting $8.28. The company had a trading volume of 2,739 shares, compared to its average volume of 5,347. The firm has a 50-day moving average price of $7.15 and a 200-day moving average price of $7.82. 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 1-year low of $3.99 and a 1-year high of $11.23.

Hochschild Mining Company Profile

Hochschild Mining plc is a precious-metals mining company focused on the exploration, development and operation of underground and open-pit mines. The company primarily produces silver and gold, with activities spanning the full mining cycle, including geological exploration, mine development, extraction, processing and the sale of metal concentrates and doré.

Founded in 1911, Hochschild has historically maintained a strong presence in Latin America. Its operations and development portfolio have included assets in Peru, Argentina and Brazil.