Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Sees Large Growth in Short Interest

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 79,002 shares, a growth of 152.4% from the November 30th total of 31,302 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 136,542 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 136,542 shares, the short-interest ratio is presently 0.6 days. Currently, 1.8% of the company’s stock are sold short.

Hydrofarm Holdings Group Stock Performance

HYFM traded down $0.02 during trading on Friday, hitting $1.70. The company’s stock had a trading volume of 28,784 shares, compared to its average volume of 101,705. The firm has a market cap of $7.93 million, a PE ratio of -0.12 and a beta of 2.31. The company has a quick ratio of 0.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $2.05 and its 200-day simple moving average is $3.19. Hydrofarm Holdings Group has a one year low of $1.50 and a one year high of $7.50.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($3.51) EPS for the quarter, missing analysts’ consensus estimates of ($3.09) by ($0.42). The company had revenue of $29.35 million during the quarter, compared to analysts’ expectations of $35.73 million. Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%. As a group, sell-side analysts predict that Hydrofarm Holdings Group will post -13.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hydrofarm Holdings Group has an average rating of “Sell”.

Institutional Trading of Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC purchased a new position in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned 0.39% of Hydrofarm Holdings Group at the end of the most recent reporting period. 26.61% of the stock is currently owned by institutional investors.

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.