Hochschild Mining PLC (OTCMKTS:HCHDF) Sees Large Increase in Short Interest

Hochschild Mining PLC (OTCMKTS:HCHDF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 44,508 shares, an increase of 267.6% from the August 31st total of 12,107 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,880 shares, the short-interest ratio is currently 15.5 days.

Hochschild Mining Stock Performance

Shares of OTCMKTS:HCHDF traded down $0.09 during midday trading on Friday, hitting $7.43. 1,300 shares of the stock were exchanged, compared to its average volume of 1,507. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. Hochschild Mining has a twelve month low of $4.11 and a twelve month high of $11.23. The company has a 50 day moving average price of $7.49 and a 200-day moving average price of $7.65.

Analyst Upgrades and Downgrades

HCHDF has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on shares of Hochschild Mining in a report on Monday, August 3rd. They issued a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. Finally, Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Hochschild Mining

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.