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

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

Hydrofarm Holdings Group Price Performance

HYFM opened at $0.88 on Thursday. The company 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 fifty-two week low of $0.50 and a fifty-two week high of $4.76. The business has a 50-day moving average of $1.00 and a 200-day moving average of $1.06.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Hydrofarm Holdings Group during the 4th quarter valued at $34,000. BlackRock Inc. bought a new stake in Hydrofarm Holdings Group in the second quarter worth $43,000. DRW Securities LLC boosted its holdings in Hydrofarm Holdings Group by 261.4% in the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after purchasing an additional 28,093 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Hydrofarm Holdings Group during the third quarter worth $59,000. Institutional investors and hedge funds own 26.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Hydrofarm Holdings Group

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.