Short Interest in Hycroft Mining Holding Corporation (NASDAQ:HYMC) Increases By 29.2%

Hycroft Mining Holding Corporation (NASDAQ:HYMC) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,155,505 shares, an increase of 29.2% from the December 15th total of 3,217,279 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily volume of 6,697,505 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 6,697,505 shares, the short-interest ratio is presently 0.6 days. Currently, 5.1% of the shares of the company are sold short.

Insider Buying and Selling

In other news, SVP David Brian Thomas sold 15,000 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $21.21, for a total value of $318,150.00. Following the completion of the transaction, the senior vice president owned 81,070 shares in the company, valued at $1,719,494.70. This trade represents a 15.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Eric Sprott purchased 200,000 shares of Hycroft Mining stock in a transaction on Wednesday, January 14th. The stock was acquired at an average cost of $33.21 per share, for a total transaction of $6,642,000.00. Following the acquisition, the insider directly owned 36,453,704 shares of the company’s stock, valued at approximately $1,210,627,509.84. This represents a 0.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 5,455,824 shares of company stock worth $73,819,837 and sold 38,859 shares worth $517,545. 1.31% of the stock is currently owned by insiders.

Institutional Trading of Hycroft Mining

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC grew its stake in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Hycroft Mining in the fourth quarter valued at $572,000. SG Americas Securities LLC acquired a new position in shares of Hycroft Mining during the fourth quarter valued at $320,000. Tidal Investments LLC grew its position in shares of Hycroft Mining by 125.3% during the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after acquiring an additional 871,030 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Hycroft Mining in the 3rd quarter worth about $381,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hycroft Mining Trading Up 0.1%

Shares of HYMC stock traded up $0.04 during mid-day trading on Friday, reaching $34.63. The company’s stock had a trading volume of 3,055,925 shares, compared to its average volume of 5,624,063. The company’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $9.73. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. Hycroft Mining has a 12-month low of $2.05 and a 12-month high of $35.90. The firm has a market capitalization of $2.88 billion, a PE ratio of -21.38 and a beta of 2.64.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02.

About Hycroft Mining

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.