Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Up 74.7% in March

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 54,114 shares, an increase of 74.7% from the February 26th total of 30,968 shares. Based on an average daily volume of 68,516 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the shares of the stock are short sold.

Hydrofarm Holdings Group Price Performance

NASDAQ:HYFM traded down $0.05 during mid-day trading on Friday, reaching $1.01. 84,716 shares of the company were exchanged, compared to its average volume of 44,882. 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 stock has a market cap of $4.73 million, a PE ratio of -0.07 and a beta of 2.45. Hydrofarm Holdings Group has a 12 month low of $0.86 and a 12 month high of $4.78. The company has a fifty day moving average of $1.35 and a 200 day moving average of $2.01.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its earnings results on Friday, March 27th. The company reported ($51.89) earnings per share (EPS) for the quarter. Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%.The company had revenue of $25.12 million for the quarter. On average, research analysts anticipate that Hydrofarm Holdings Group will post -13.3 EPS for the current fiscal year.

Institutional Trading of Hydrofarm Holdings Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYFM. DRW Securities LLC raised 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 during the period. Jane Street Group LLC bought a new stake in shares of Hydrofarm Holdings Group in the 4th quarter valued at $34,000. Finally, Citadel Advisors LLC acquired a new stake in Hydrofarm Holdings Group during the 3rd quarter worth $59,000. 26.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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